Market Odds for Fed December Rate Cut Top 50% After Williams Signals Policy Room

Traders on Nov. 21 priced in over 50% odds of a Federal Reserve rate cut in December, Jin10 reports. U.S. Treasuries rallied and spot gold rose nearly $10 after Fed Vice Chair John Williams said he sees room for near-term rate reductions. The moves reflected heightened expectations for easier policy ahead of the year-end meeting.