The probability of the Federal Reserve cutting interest rates by 25 basis points in November is 94.1%

According to CME's "Fed Watch", the probability of the Federal Reserve cutting rates by 25 basis points in November is 94.1%, while the likelihood of maintaining the current interest rate is 5.9%. The cumulative probability of a rate cut by 25 basis points by December is 13.4%, and that for a total reduction of 50 basis points is at 86.1%.