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Will the Fed cut rates by 25bp at the December meeting?

Implied probability

65%

Liquidity

$64.3K

Traders

388

detail.ends

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Probability Β· last 30 daysLive

Yes65.00%β–Ό
71%63%
30d21d14d7dnow

Core PCE has printed below target for two consecutive months. The dot plot still implies a hold, which is exactly the gap this market is pricing.

Volume

$9.70K

Liquidity

$64.3K

Open interest

$64.3K

Bull case

Onchain Detective

Three of the four CPI buckets are decelerating. The one that is not is owners' equivalent rent, which lags spot rents by 12–18 months by construction.

Bear case

Macro Hawk

Core services ex-housing printed 0.31% m/m. Annualised that is 4.1% β€” three times the target, in the stickiest component there is.

Community Discussion & Insights

3 postsCommunity sentiment
79%
21%
Your position
280

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  • 0x1f4fc6…b16fbull

    Three of four CPI buckets are decelerating. Only OER is lagging, and it lags by construction.

  • 0x3fb7d7…d13dbear

    Core services ex-housing is at 4.1% annualised. That is not a cut, that is a pause.

  • 0x6e41aa…c700bull

    Quits rate leads services inflation by two quarters. The disinflation is already in the pipe.

Community opinions are unmoderated user content, not protocol statements. Nothing here is financial advice.

65% YesΒ·35% No
Will the Fed cut rates by 25bp at the December meeting?