Federal Reserve Likely To Cut Rates By 25 Basis Points In November

According to Odaily, the CME 'FedWatch' tool indicates a 96.2% probability that the Federal Reserve will cut rates by 25 basis points in November, with a 3.8% chance of maintaining the current rate. Prior to the data release, these probabilities were 99% and 1%, respectively.

Looking ahead to December, there is a 1.1% chance that the current rate will be maintained, a 29.4% probability of a cumulative 25 basis point cut, and a 69.6% likelihood of a cumulative 50 basis point cut. Before the data release, these probabilities were 0.5%, 22.9%, and 76.6%, respectively.