The probability of the Federal Reserve cutting interest rates by 25BP in November is 98.9 percent

November 4, according to the CME “Fed Watch”: the probability that the Fed will cut 25 basis points in November is 98.%, the probability of maintaining the current rate unchanged is 1.1%. The probability of keeping the current rate unchanged by December is 0.2%, the probability of a cumulative rate cut of 25 basis points is 17.1%, and the probability of a cumulative rate cut of 50 basis points is 82.7%.