In the run-up to this week, the mood was one of disappointment that the #FOMC wouldn’t deliver a final cut for 2025.
A week ago, investors hedged their bets at a 50/50 likelihood of a 25bps cut from its current position of 3.75% to 4%. But the tide changed quickly, based on both data and comments from members of the FOMC, and now CME’s FedWatch tool places an 81% probability of a cut Dec 10th
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In the run-up to this week, the mood was one of disappointment that the #FOMC wouldn’t deliver a final cut for 2025.
A week ago, investors hedged their bets at a 50/50 likelihood of a 25bps cut from its current position of 3.75% to 4%.
But the tide changed quickly, based on both data and comments from members of the FOMC, and now CME’s FedWatch tool places an 81% probability of a cut Dec 10th