US FedWatch "Over 50% Chance of Rate Cut in March FOMC Next Year"

There is a 55.3% chance that the Federal Open Market Committee (FOMC) will cut the benchmark interest rate in March next year.

According to data from the Chicago Mercantile Exchange (CME) FedWatch platform, 48.4% of market participants expect the FOMC meeting on March 25 next year to decide on a 25bp cut to 4.00~4.25%, while 5.1% expect a 50bp cut to 3.75~4.00%. 46.4% predicted that rates would remain unchanged.

For the first FOMC meeting on January 29 next year, 89.3% of market participants forecast that the rate will be decided at the same 4.25~4.50% as in December.