The probability of the Federal Reserve cutting interest rates by 25 BP in November is 98.9%

According to CME "Fed Watch": The probability of the Federal Reserve cutting 25 basis points by November is 98.%, and the probability of maintaining the current interest rate is 1.1%. The probability of maintaining the current interest rate by December is 0.2%, the cumulative probability of a cut in interest rates by 25 basis points is 17.1%, and the cumulative probability of a cut in interest rates by 50 basis points is 82.7%.