Market Anticipates High Probability of Fed Rate Cut

10/8/2024 3:15:33 AM

According to GreeksLive, the strong US economic data for October has led to a significant drop in market expectations for the Federal Reserve's rate meeting on November 8. Based on the current pricing of 30-day federal funds futures, there is an 85% market-expected probability of a 25 basis point rate cut. (Source)

rate cut Federal Reserve US economic data federal funds futures

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