There is a 95.6% probability of the Federal Reserve cutting interest rates by 25 basis points in November, with a 4.4% probability of no rate cut
According to CME's "FedWatch Tool": The probability of the Fed cutting 25 basis points by November is 95.6%, while the probability of maintaining the current interest rate is 4.4%. The cumulative probability of a 25 basis points cut by December is 15.4%, a 50 basis points cut is 84.1%, a 75 basis points cut is 0%, and a 100 basis points cut is 0%
According to CME's "FedWatch Tool" on October 14th, the probability of the Fed cutting rates by 25 basis points in November is 95.6%, while the probability of keeping the current interest rate unchanged is 4.4%. The probabilities for cumulative rate cuts by December are as follows: 15.4% for a 25 basis points cut, 84.1% for a 50 basis points cut, 0% for a 75 basis points cut, and 0% for a 100 basis points cut