Is the Federal Reserve likely to cut interest rates in December? Here's what economists say.

Cătălin Roșioru

Just a few weeks ago, a December interest rate cut was viewed as practically a done deal by many economists. Now, with fresh government data showing solid U.S.  job growth in September , many forecasters think the Federal Reserve is likely to hold off lowering borrowing costs when policy makers meet next month. The probability of a Federal Reserve rate cut now stands at 22%, down from a likelihood of 97% as of mid-October, according to economists polled by financial data company FactSet. CME