Investor expectations for a December Federal Reserve rate cut have continued to weaken, with the probability slipping to nearly 52% amid mounting uncertainty.
CME’s FedWatch tool now shows markets pricing the December decision as a near toss-up, a sharp reversal from the overwhelming 95% odds seen a month earlier and 65% just last week. A 25 basis point reduction would lower the federal funds rate to the 3.5%–3.75% range.
The reduced likelihood of policy easing is limiting momentum across risk assets, including cryptocurrencies. Bitcoin was trading around $103,000 at the time of publication, holding steady on the day according to CoinDesk data.
