Reported 17 days ago
Futures for the federal funds rate indicate that the Federal Reserve is likely to implement a 25-basis-point rate cut in December, following a recent reduction. Projections suggest an additional 67 basis points of cuts for 2025, reflecting ongoing optimism about economic growth and inflation moving towards the Fed's target. There is a 72% probability for another rate cut next month, signaling attempts to boost consumer activity in the credit market.
Source: YAHOO