According to BlockBeats on September 24, data from CME’s “Fed Watch” indicates notable probabilities regarding potential interest rate cuts by the Federal Reserve. The likelihood of a 25 basis point cut by November stands at 46.4%, while the chance of a more substantial 50 basis point reduction is slightly higher at 53.6%.
Looking further ahead, the probabilities for cumulative interest rate cuts by December reveal a complex landscape. There is a 23.8% chance of a total cut of 50 basis points, while the likelihood of a 75 basis point cut rises to 50.1%. Additionally, the probability of a cumulative cut of 100 basis points sits at 26.1%.
