Meanwhile, U.S. rate futures have priced in a 55.4% chance of no rate change and a 44.6% chance of a 25 basis point rate cut at the next FOMC meeting in December.Kansas City Fed President Jeff Schmid said on Friday that further interest rate cuts could do more to entrench higher inflation than to support the labor market. Also, Dallas Fed President Lorie Logan said, “I think it would be hard to support another rate cut unless we were to get convincing evidence that inflation is really coming down faster tha ...