The probability of the Federal Reserve cutting interest rates by 25 basis points in November is 97.7%

According to CME "Fed Watch": The probability of the Federal Reserve cutting 25 basis points by November is 97.7%, and the probability of maintaining the current interest rate is 2.3%. By December, the probability of maintaining the current interest rate is 0.6%, the cumulative probability of a cut by 25 basis points is 27.7%, and that for a cut by 50 basis points is at 71.7%.