Market expectations for a December interest rate cut remained strong after the Federal Reserve reduced rates in November, with a 70% probability of a quarter-point cut in December. However, market pricing suggests a 71% likelihood of the Fed skipping a rate cut in January, as indicated by the CME FedWatch Tool. The federal funds rate was lowered to a target range of 4.5% to 4.75% in November, with future rate probabilities derived from trading in 30-day fed funds futures contracts.
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US State Department approves $4.7bn surface-to-air missile package to Egypt | Weapons News
The package includes radar systems, hundreds of missiles and logistical and engineering support from US personnel.The US State Department has approved a potential $4.67bn sale of a National Advanced Surface-to-Air Missile System (NASAMS) to Egypt, including radar systems and logistical support from US personnel. This deal aims to bolster Egypt's security as a key US ally in the Middle East, despite recent warming ties between Egypt and China. Want More Context? 🔎
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