Odds of a December rate cut sank to 32.7%, on Thursday, which compares to 50.1% only a few days ago and 93.7% on October 17, according to CME FedWatch Tool. Yet, there is quantifiable evidence and subjective reasons for maintaining the view that the Fed could still cut interest rates on December 10, or at the very least decide on a very dovish pause, which could set things better for risky assets and provide some relief.
A Macro Market View by Hubert Marleau
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