CandleFocus Election Day Drama Won’t Be the Only Major Event in November – Here’s Why
2024-10-23
Author: Content Editor
The U.S. Federal Reserve's upcoming meeting on the federal funds rate and the economy's health is drawing attention. Market forecasts are leaning towards a 25 basis point reduction in the target rate. The Fedwatch tool from CME Group shows an 87.5% chance of a quarter-point cut at the meeting. Polymarket bettors are also predicting a quarter-point cut with an 83% likelihood. There is only a 12% chance of no rate cut and a slim 5% chance of a half-point reduction. The outcome of the meeting is highly anticipated, and it is expected to play a crucial role in shaping economic expectations.
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