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US Rate Cut Probability Rises to 69.4% Ahead of Key FOMC

Rate cut probability jumped to 69.
Federal Reserve rate cut projections climbed to 69.4% for December, on November 22. Odds of holding rates unchanged stood at 30.6%. Rapid shifts followed coordinated dovish remarks from multiple Federal Reserve officials. The December 9–10 meeting will proceed without October inflation data due to the 43-day US government shutdown, raising uncertainty ahead of the subsequent January 2026 review.