Odds for December Rate Cut Soar to 71% After Michigan Consumer Sentiment Hits 2nd-Lowest in History

The possibility of Fed rate cut in December has increased sharply. This is because the consumer confidence in the United States has dropped towards the all-time low. Data from the University of Michigan showed that its Consumer Sentiment Index dropped sharply to 50.3 in November, marking its second-lowest reading in history. Consumer Confidence Falls Below

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