Odds Of Fed Rate Cut In December Rise, With 'Skip' In January, Following 0.25% Rate Cut

Benzinga 2024-11-08

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The Federal Reserve reduced the federal funds rate by a quarter point, with markets expecting another rate cut in December over a pause. After the rate cut, expectations for another December cut rose, while pause chances fell, according to the CME FedWatch Tool. January predictions also show a strong likelihood for a rate cut skip, reflecting cautious optimism amid evolving economic indicators.

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