After inflation report, federal-funds futures point to higher chance of December rate cut
Shortly after a fresh inflation report, federal-funds futures showed an increased probability that the Federal Reserve will lower its benchmark interest rate in December. The probability of a quarter-percentage point cut by the Fed next month rose to 75.
Credible is solely responsible for this content and the services it provides. The median interest rate on a 30-year fixed ...
In October, U.S. inflation rose by 2.6% on an annual basis, a slight increase from the 2.4% rate reported in September.
Many economists still expect another quarter-point cut ahead in December. But expect more debate on the Fed's path in 2025.
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