US interest rate futures indicate an increased probability of a Federal Reserve rate cut in January.

PANews reported on December 18th that federal funds rate futures reflect a slightly increased probability of a rate cut at the Federal Reserve's policy meeting in January, following data showing that the US Consumer Price Index (CPI) rose less than expected year-on-year in November. Traders see a 28.8% chance of a 25 basis point rate cut in January, up from 26.6% before the inflation data release. LSEG data shows that for 2026, traders are betting on a Fed easing of approximately 64 basis points, compared to 63 basis points before the inflation data release.