86% Probability of Fed Rate Cut in December? We'll Find Out Early Next Wednesday

[BlockBeats] Will the Fed continue to cut interest rates this month? The latest data gives the answer.

According to CME’s prediction tool, the probability of a 25 basis point rate cut in December is as high as 86.2%, while the probability of no cut is only 13.8%. It seems the market is quite confident about this rate cut.

The specific schedule is as follows: the rate decision will be announced at 3:00 AM on December 11, with the market expecting it to be lowered to 3.75% (down from 4.00%). Half an hour later, Powell will hold a press conference, and what he says may be even more important than the rate cut itself.

This major shift in monetary policy will have a significant impact on liquidity in the crypto space and is worth paying attention to.