BlockBeats News, October 29th, according to CME’s “FedWatch” data, the probability of a 25 basis point rate cut by the Fed in October is 99.9%, while the probability of no rate change is 0.1%.
The Fed is scheduled to announce its rate decision at 02:00 Beijing time on Thursday, with Fed Chair Powell holding a monetary policy press conference shortly after (2:30 a.m. Beijing time). The market is no longer focused on a single rate cut, but instead on the “number of rate cuts and pace”.
