CME FedWatch puts odds of 25 bp Fed rate cut in December at 87.3%

Data from CME's FedWatch tool on December 9 showed an 87.3% probability that the Federal Reserve will cut rates by 25 basis points at its December meeting, with the odds of no change at 12.7%. The Fed is scheduled to announce its rate decision for the period up to December 10 at 3:00 Beijing time on December 11, with markets expecting a 3.75% rate versus the previous 4.00%. Fed Chair Jerome Powell will hold a monetary policy press conference at 3:30.