Federal Reserve rate cut odds for December have fallen to near coin-toss levels, signaling growing uncertainty among investors ahead of the Dec. 10 meeting, according to data source CME’s FedWatch tool.
The markets are now pricing approx. 52% chance of a 25 basis point decline, down significantly from 95% a month ago and 65% a week ago. A potential 25 bps cut would push the benchmark rate range down to 3.5%-3.75%.
The diminishing likelihood of the December cut may continue to limit gains in BTC and other cryptocurrencies. At the time of writing, BTC was changing hands near $103,000, trading little changed on the day, according to CoinDesk data.
