The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 89.4%.

👉 Although the rate of cuts for the FOMC Meeting T12 has increased in the next 2 days, the entire Market (Gold, Stocks, and others) has decreased because investors are placing bets on the number of cuts by the Fed next year, expecting the Fed to cut about 75 basis points ~ 3 cuts, but since the probability of this happening slightly decreased last night, the entire Market has slightly declined.

👉 For me, such developments only exist in the short term; to gain a clearer view in the long term, new information from Powell in the upcoming speech will be needed for a better perspective.

👉 There is good news that Powell is on the list of supporters for cuts in T12, so the possibility of the Fed cutting during the end of this year is entirely possible.