The probability of a Fed rate cut in December approaches 90%, with the market focusing on the "dot plot" to gauge the interest rate outlook for 2026.

BlockBeats News, December 1, Federal Reserve Chairman Jerome Powell will attend an event at Stanford University on Monday to commemorate the late George Shultz and deliver a speech. However, as the Federal Reserve is currently in a pre-decision communication blackout period, he will not discuss economic topics. With no further official statements expected before next Wednesday's interest rate decision, traders currently predict that the probability of the Federal Reserve cutting rates by another 25 basis points has approached 90%. If this rate cut is implemented, the market will focus on the Fed's updated "dot plot" to look for clues about the direction of interest rates in 2026.