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The central parity rate of the RMB against the US dollar is reported at 7.1884, up by 5 points.
On December 31, the central parity rate for the RMB against the USD reported 7.1884, an increase of 5 points. The probability of the Federal Reserve maintaining interest rates in January next year is 88.8%. According to CME "Fed Watch": the probability of the Federal Reserve maintaining interest rates in January next year is 88.8%, while the probability of a 25 basis point rate cut is 11.2%. By March next year, the probability of maintaining the current interest rate is 46.2%, the cumulative probability of a 25 basis point rate cut is 48.4%, and the cumulative probability of a 50 basis point rate cut is 5.4%. Wells Fargo & Co predicts that the Federal Reserve will only cut rates once next year. Investors' year-end focus includes the outlook for the US economy and 202.
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