The probability of a 25 basis point rate cut by the Federal Reserve in December is currently estimated at 63%.

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FeaturesThe probability of a 25 basis point rate cut by the Federal Reserve in December is currently estimated at 63%.

According to CME's FedWatch tool, on November 1st, the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 63%, while the probability of keeping interest rates unchanged is 37%.

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