After the release of the Fed's minutes from the October meeting, the market's probability of a rate cut in December dropped to 31.6%.

BlockBeats News, November 20th, according to CME FedWatch Tool data, after the Fed released the minutes of the October meeting, the market’s probability of a rate cut in December dropped to 31.6%, with a probability of no rate cut reaching 68.4%.

Prior to the data release (1:00 AM Beijing time today), the market was expecting a 51.1% probability of a 25 basis point rate cut by the Fed in December, with a 48.9% probability of rates being held unchanged.