Elmar Voelker, an Analyst at LBBW, stated in a report that the interest rate decision at the Federal Reserve's meeting next week is not as clear as the forward rates indicate. 'In our view, the recently released USA macroeconomic data does not provide a clear template for the upcoming interest rate decision,' said the senior fixed income Analyst. Voelker noted that from the perspective of Bonds market participants, there is not much difference between 'a rate cut in December and signaling a pause in January' and 'a pause in December and signaling a rate cut in January.' According to data from LSEG, the money market estimates a 94% probability that the Federal Reserve will cut rates by 25 basis points next week, while the probability of maintaining the current rates is 6%.