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CME FedWatch: December Rate Cut Probability Drops to 71%

By: theblockbeats.news|2025/10/29 19:18:01

BlockBeats News Update: On October 30, according to CME FedWatch Tool data, traders have reduced their bet on a Fed rate cut in December, with the current probability of a rate cut standing at 71%, down from the previous 90%.

After the Fed released the interest rate decision, the spot gold price briefly dropped to $3979.9 per ounce.

Powell: More and More Officials Want to Postpone Rate Cut