The probability of the Federal Reserve cutting interest rates by 25 basis points in November is 70.4%, while the probability of no rate cut has risen to 29.6%

According to CME's "FedWatch" tool: The probability of the Fed cutting 25 basis points by November is 70.4%, while the probability of keeping the current interest rate unchanged is 29.6%. The probability of a cumulative 50 basis points rate cut by December is 65.3%, with a probability of 75 basis points cut being 8.7%; and the probability of a cumulative 100 basis points cut is 0%