ME News message, December 18 (UTC+8), Federal funds futures reflect a slight increase in the likelihood of the Federal Reserve cutting interest rates at its policy meeting in January next year, following data showing that the year-on-year increase in the U.S. Consumer Price Index for November was below expectations. Traders estimate the probability of a 25 basis point rate cut in January at 28.8%, up from 26.6% before the inflation data was released. According to LSEG data, for 2026, traders are betting on a Federal Reserve easing of about 64 basis points, compared to 63 basis points before the inflation data was released. (Source: ME)