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FED Rate Cut Expectations: 96% Chance of a 25 Basis Points Cut Today
As the world watches with bated breath, the US Federal Reserve is set to hold its final meeting for the year 2024 today. Amidst the uncertainty and speculation surrounding this event, one crucial aspect remains clear – the anticipation of a significant announcement from the Fed. As Coinpedia delves deeper into the data, our analysts have found an astonishing 96% probability that the Federal Reserve will announce a 25 basis points interest rate cut.
Notably, this year has seen the US Fed execute at least two rate cuts thus far. The impending move would effectively lead to a cumulative total of 100 basis points in rate cuts for 2024. This development is expected to send shockwaves through the global markets, potentially impacting the trajectory of various asset classes.
Source: coinpedia.org
