The probability of the Fed cutting interest rates by 25BP in November is 86.3%, and the probability of not cutting interest rates rises to 13.7%

According to CME's "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points by November is 86.3%, and the probability of maintaining the current interest rate is 13.7%. The probability of a cumulative interest rate cut of 50 basis points by December is 78.8%, and the probability of a cumulative interest rate cut of 75 basis points is 8.9%; the probability of a cumulative interest rate cut of 100 basis points is 0%.