There is a 62.2% probability of the Federal Reserve cutting interest rates by 25 basis points in November
According to CME's "FedWatch" tool, the probability of the Fed cutting interest rates by 25 basis points in November is 62.2%, while the probability of a 50 basis points cut is 37.8%. By December, the cumulative probability of a 50 basis points cut is 36.6%, a 75 basis points cut is 47.8%, and a 100 basis points cut is 15.6%
On September 19th, according to CME's "Fed Watch": The probability of the Fed cutting 25 basis points by November is 62.2%, while the probability of a 50 basis points cut is 37.8%. The probability of a cumulative 50 basis points cut by December is 36.6%, and a cumulative 75 basis points cut is 47.8%; the probability of a cumulative 100 basis points cut is 15.6%