CME FedWatch Shows 39.6% Probability of 25bps Fed Rate Cut in December

The Federal Reserve faces a 39.6% probability of cutting rates by 25 basis points in December, with a 60.4% chance of holding rates steady, CME FedWatch data show as of November 21. For the cumulative period through January, the tool shows a 50.2% probability of a 25bps cut, a 29.7% chance rates remain unchanged, and a 20.2% probability of a cumulative 50bps reduction.