Crypto Eyes Relief Rally as December Fed Rate Cut Odds Surge to 71% — TradingView News
Markets are now pricing in a strong chance that the Federal Reserve will cut interest rates at its December meeting. According to the CME FedWatch Tool, the probability of a 25 basis point rate cut has jumped to 71%, up from 30-40% earlier this week.
This shift comes after the recent comments from New York Fed President John Williams, who signalled that a near-term rate cut is possible without threatening the Fed’s inflation goals.
Policy Too Restrictive?
Williams noted that he views the monetary policy as “modestly restrictive” and suggested that there is room to bring rates closer to a neutral stance. He also downplayed the impact of tariffs on inflation and expects price pressures to ease over time.
But not all Fed officials…
