Updated data from the CME's "Fed Watch" shows a 91.4 per cent chance that the Fed will leave current rates unchanged at its next meeting - the first of its kind in 2025 - and a mere 8.6 per cent chance of a 25 basis point cut.
The US non-farm performance in September was "off the charts"! Traders are betting that the Federal Reserve will cut interest rates by only 25 basis points each in the next two meetings. A picture to understand the highlights of this data > >