Fed Rate Cut Probability of 50BP Tonight is 61%
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September 18, 2024
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According to CME's "Fed Watch," there is a 39.0% probability of the Fed cutting interest rates by 25 basis points in September and a 61.0% probability of a 50 basis point cut.
The probability of the Fed cumulatively cutting rates by 50 basis points by November is 23.4%, by 75 basis points is 52.2%, and by 100 basis points is 24.4%.
By December, the probability of a cumulative rate cut of 75 basis points is 10.5%, 100 basis points is 36.4%, 125 basis points is 39.7%, and 150 basis points is 13.4%. (Gold Ten)
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