Fed December Rate Cut Odds Rise to 67.1%, CME FedWatch Shows

The probability of a 25-basis-point Federal Reserve rate cut in December rose to 67.1% on November 7, up from 62% the prior day, CME FedWatch data show. The probability of rates holding steady stands at 32.9%. Prediction market Polymarket shows a 73% probability for a December cut, up from 65% a day earlier.