The probability of the Fed cutting interest rates in December is close to 90%, and the market will focus on the "dot plot" to speculate on the interest rate trend in 2026.

BlockBeats news, on December 1st, Fed Chairman Jerome Powell will attend an event at Stanford University in memory of the late George Shultz and deliver a speech, but due to the Fed's communication blackout period before the decision, he will not discuss economic issues. With no official statements before next Wednesday's interest rate decision, traders currently predict that the probability of the Fed cutting rates by another 25 basis points is close to 90%. If this rate cut materializes, the market will focus on the Fed's updated “dot plot” for clues about the interest rate trajectory in 2026.