December Rate Cut Expectations Strong
This is a U.S. news story, published by CNBC, that relates primarily to the Federal Reserve news.
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federal funds rateCNBC
•Traders see good chance the Fed cuts again in December then skips in January
87% Informative
Expectations for a December interest rate cut remained strong after the Federal Reserve trimmed rates by a quarter percentage point in November .
The U.S. central bank lowered the federal funds rate to a target range of 4.5% to 4.75% on Thursday afternoon .
The probability of a December rate cut rose to more than 70% following the meeting, while the chances of a pause slipped to nearly 29% .
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