After the release of the US CPI, the probability of the Federal Reserve cutting interest rates by 25 basis points in December rose to 75.7%
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According to CME's "Fed Odaily", the probability that the Fed will maintain the current interest rate unchanged by December is 24.3%, and the probability of a cumulative interest rate cut of 25 basis points is 75.7% (before the CPI was released, they were 37.9% and 62.1%, respectively). The probability of maintaining the current interest rate unchanged by January next year is 16.5%, the probability of a cumulative interest rate cut of 25 basis points is 59.2%, and the probability of a cumulative interest rate cut of 50 basis points is 24.3%. (Before the CPI was released, they were 26.5%, 54.9%, and 18.6%, respectively). (Jinshi)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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