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%
CME's "Fed Watch": the probability of the Fed maintaining the current interest rate in December is 24.3%, and the probability of cumulative interest rate cuts of 25 basis points is 75.7% (before the CPI announcement, they were 37.9% and 62.1%, respectively). The probability of maintaining the current interest rate in January next year is 16.5%, the probability of cumulative interest rate cuts of 25 basis points is 59.2%, and the probability of cumulative interest rate cuts of 50 basis points is 24.3% (before the CPI announcement, they were 26.5%, 54.9%, and 18.6%, respectively).
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