The probability of the Federal Reserve cutting by 25 basis points by November is 99.8%

The Federal Reserve's November interest rate decision will be announced at 3:00 am this Friday, about 3 days and 10 hours before the next FOMC meeting. According to CME "Fed Watch", the probability of the Fed cutting by 25 basis points in November is 99.8%, while the probability of maintaining the current interest rate is 0.2%.