Interest rate derivatives contracts show that the possibility of the Fed cutting rates in December is less than 50%.

U.S. short-term interest rate derivative contracts show that the market expects the Federal Reserve to cut interest rates by 25 basis points in December with less than a 50% probability. Federal funds futures and overnight index swap contracts linked to the Fed's December 9-10 meeting indicate a probability slightly lower than 50% for a 25 basis point rate cut.