The probability of the Federal Reserve cutting interest rates by 25 basis points in November is 45.2%

According to CME's "Fed Watch": The probability of the Fed cutting 25 basis points by November is 45.2%, and the probability of a 50 basis point cut is 54.8%. The probability of a cumulative 50 basis point cut by December is 23.4%, and the probability of a cumulative 75 basis point cut is 50.2%; the probability of a cumulative 100 basis point cut is 26.5%