CandleFocus

Fed signals one more rate cut in December, CME tool shows 96.9% probability

The Federal Reserve is expected to implement a quarter-point rate cut at its upcoming December meeting, aligning with market expectations. This anticipated move comes as the Fed continues its efforts to manage economic conditions and would mark a full percentage point decrease since September. Market projections indicate fewer rate cuts in the coming year due to persistent inflation and solid economic growth. Meanwhile, Bitcoin has demonstrated surprising strength, buoyed by macroeconomic data and significant developments in US leadership. The news of a potential Fed rate cut next week adds to Bitcoin's resilience and potential strong performance in the near term.

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