The probability of the Federal Reserve cutting interest rates by 25 basis points in November is 86.8%

According to CME's "FedWatch": The probability of the Fed cutting 25 basis points by November is 86.8%, the probability of keeping the current interest rate unchanged is 13.2%, and the probability of a 50 basis point cut is 0%. By December, the probability of keeping the current interest rate unchanged is 3.5%, the cumulative probability of a 25 basis point cut is 32.9%, the cumulative probability of a 50 basis point cut is 63.6%, and the cumulative probability of a 75 basis point cut is 0%