Odds Rise for U.S. Interest Rate Cut

CME Group’s FedWatch tool showed that markets now expect an 88% probability that the U.S. Federal Reserve will cut interest rates by 25 basis points at its upcoming meeting on December 10, up from 63% a month ago.اضافة اعلان

The dollar fell on Tuesday after manufacturing activity data in the world’s largest economy came in weaker than expected, increasing pressure on the Federal Reserve to reduce interest rates at its policy meeting later this month.

Reuters