The Federal Reserve is expected to cut interest rates by 25 basis points in October, with a 93% probability according to CME's "Fed Watch." The likelihood of rates remaining unchanged is just 7%. Looking ahead to December, the probability of rates staying the same drops to 1.3%, while the chances of a cumulative 25 basis point cut stand at 22.5%, and a 50 basis point cut at 76.2%.
Federal Reserve Likely to Cut Interest Rates by 25 Basis Points in October
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