This chart from today's Early Look by Keith McCullough shows target rate probabilities for the next year. 

CHART OF THE DAY: Market Pricing In 1.25% (Or More) of 2024 Rate Cuts  - 12.7COTD

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CHART OF THE DAY: Market Pricing In 1.25% (Or More) of 2024 Rate Cuts  - RC Banner12 12 2023

CHART OF THE DAY: Market Pricing In 1.25% (Or More) of 2024 Rate Cuts  - Show Schedule   TRANSPARENT