CME FedWatch Shows 87.3% Odds of December Fed Rate Cut

The assessment is based on strong, direct corroboration from multiple independent sources. A market-close report from Fintel and a separate news article from an energy industry publication both explicitly state that the CME FedWatch Tool showed an 85.1% probability for a December rate cut. This direct confirmation of the specific number from two different outlets significantly increases the likelihood of the statement's truthfulness. Furthermore, highly authoritative sources like Reuters provide strong contextual support, reporting that markets were increasingly betting on a December rate cut and citing the CME FedWatch tool as the key indicator of this sentiment. While the official Federal Reserve sources do not mention the CME tool's probabilities, this is expected as they report on official decisions and data, not on third-party market-based indicators. There is no conflicting evidence among the provided sources. The combination of direct confirmation from multiple sources and contextual support from high-authority news organizations makes the statement very likely to be true.