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The probability of a 25 basis point rate cut by the Federal Reserve in December has risen to 82.9%.
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BlockBeats News, November 27, according to CME "FedWatch" data, the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 82.9%, while the probability of keeping rates unchanged is 17.1%.
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The Dow Jones Index closed up by 314.67 points, with both the S&P 500 and Nasdaq also rising.
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All three major U.S. stock indexes closed higher.
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