dk on Nostr: I had never looked at how futures traders estimated the probabilities of FED interest ...

I had never looked at how futures traders estimated the probabilities of FED interest rate targets far in the future. This is basically a prediction market.

CME shows data from traders which suggests greater than 50% chance that target rates end up below 3% at Dec 10, 2025 meeting.

I have never followed this stuff closely. Anyone have more color to add on how to think about this?