Markets no longer view the December rate cut as a sure bet, with Fed officials casting doubts

• Federal Reserve Chair Jerome Powell wasn’t kidding a couple weeks ago when he said a December rate cut wasn’t in the bag.
• Whereas traders as recently as a few days ago were pricing in at least a 2-to-1 probability of a quarter percentage point cut, that’s now flipped to a coin toss.
• As markets grew much less confident about a December cut, stocks slumped Thursday while Treasury yields moved higher.

Source: https://www.cnbc.com/2025/11/13/markets-rethink-december-rate-cut-amid-fed-doubts.html