After the PCE announcement, the probability of the Fed cutting rates by 25 BP in November remained unchanged at 96.1%
October 31, according to the CME “Fed Watch”: the probability that the Fed will cut 25 basis points in November is 96.1%, the probability of maintaining the current rate unchanged is 3.9%. The probability of keeping current rates unchanged by December is 1.1%, the probability of a cumulative 25 basis point cut is 29.2%, and the probability of a cumulative 50 basis point cut is 69.7%. (Unchanged from prior to the release of PCE data)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Waller: The upcoming employment report is unlikely to change the outlook on rate cuts
The world's first VWA game COC launches closed beta, officially opening on November 21
VanEck's spot SOL ETF, VSOL, officially launched