The odds of a Federal Reserve rate cut for December have fallen to near coin-flip levels, signaling growing uncertainty among investors ahead of the Dec. 10 meeting, according to CME data source FedWatch.
Markets now price the chance of a 25 basis point cut at around 52%, down sharply from 95% a month ago and 65% a week ago. A potential cut of 25 basis points would bring the benchmark interest rate range to between 3.5% and 3.75%.
The decreasing likelihood of a December drawdown could continue to cap gains for BTC and other cryptocurrencies. At the time of writing, BTC changed hands at nearly $103,000, with trading little changed on the day, according to CoinDesk data.
