The probability of a 25 basis point interest rate cut by the Federal Reserve in December is 69%.
On November 5th, according to CME's "FedWatch": There is a 69% probability that the Fed will cut interest rates by 25 basis points in December, and a 31% probability that it will keep the interest rates unchanged.
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Fed's latest 25bps cut brings rates to 4.5-4.75%, but hawks like Logan oppose December easing with inflation risks at 2.6% and strong GDP. CME FedWatch holds at 69% for 25bps cut, 31% pause. Watching for more FOMC signals