[The probability of the Fed cutting interest rates by 25 basis points in November is 62.2%] According to CME's "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points by November is 62.2%, and the probability of cutting interest rates by 50 basis points is 37.8%. The probability of a cumulative rate cut of 50 basis points by December is 36.6%, the probability of a cumulative rate cut of 75 basis points is 47.8%, and the probability of a cumulative rate cut of 100 basis points is 15.6%.