The probability of the Fed cutting interest rates by 50 basis points in November is 54.1% after the release of PCE data

CoinVoice recently learned that according to Jinshi, according to CME's "Fed Watch", the probability of the Fed cutting by 25 basis points by November is 45.9%, and the probability of cutting by 50 basis points is 54.1% (50.1% and 49.9% respectively before the PCE data was released). The probability of a cumulative 50 basis point cut by December is 24.0%, and the probability of a cumulative 75 basis point cut is 50.2%; the probability of a cumulative 100 basis point cut is 25.8% (26.0%, 50.0% and 24.0% respectively before the PCE data was released). [Original link]