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Prior to the ADP data release, the probability of a 25 basis point interest rate cut by the Fed in December was 89.2%.
BlockBeats News, December 3rd, according to CME's "FedWatch" tool, before the release of today's ADP data, the probability of a 25 basis points Fed rate cut in December is 89.2%, while the probability of unchanged rates is 10.8%.
The probability of a cumulative 25 basis points rate cut by the Fed until January next year is 66.6%, the probability of unchanged rates is 7.7%, and the probability of a cumulative 50 basis points rate cut is 25.7%.
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