CME Group FedWatch shows 65% chance of a third Fed rate cut in December

According to the CME Group FedWatch tool, traders of U.S. short-term interest-rate futures see about a 65% chance of a third Fed rate cut in December, as reported by Reuters.

• Traders see about a 32% chance of a Fed rate cut in June.
• Traders see about a 75% chance of a Fed rate cut in July.
• Traders see about a 65% chance of a second Fed rate cut in September.