CME predicts a 97.5% probability of the Federal Reserve lowering rates by 25BP in November

CoinVoice has learned that, according to CME's "FedWatch", the probability of the Federal Reserve lowering rates by 25 basis points in November is 97.5%, while the probability of maintaining the current rate is 2.5%. The probability of maintaining the current rate in December is 0.5%, the cumulative probability of a 25 basis point cut is 21.6%, and the cumulative probability of a 50 basis point cut is 77.9%. [Original link]