Summary
- Traders have indicated a 98.8% probability that the United States Federal Reserve will cut the benchmark interest rate by 25 basis points at the December meeting.
- The upcoming FOMC meeting is scheduled for 4 AM on December 19th.
- Given the high likelihood of a rate cut, attention should be paid to its impact on the market.
According to the Chicago Mercantile Exchange (CME) FedWatch on the 18th (local time), traders predict a 98.8% probability that the United States Federal Reserve (Fed) will cut the benchmark interest rate by 25 basis points at the FOMC meeting.
Meanwhile, this year's final FOMC meeting is scheduled for December 19th at 4 AM (Korean time).
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
