Before the nonfarm payrolls announcement, the probability of the Fed cutting rates by 25 BP in November was 93.1%
According to the CME “Fed Watch”: the probability that the Fed will cut 25 basis points in November is 93.1%, the probability of maintaining the current rate unchanged is 6.9%. The probability of keeping current rates unchanged by December is 5.2%, and the probability of a cumulative 25 basis point cut is 94.8%.
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