The probability of the Federal Reserve cutting interest rates by 25 BP in November is 99.4%

According to CME "Fed Watch": The probability of the Federal Reserve cutting by 25 basis points in November is 99.4%, and the probability of a rate cut of 25 basis points is 0.6%. By December, the cumulative probability of a rate cut by 25 basis points is 32.0%, the cumulative probability of a rate cut by 50 basis points is 67.6%, and the cumulative probability of a rate cut by 75 basis points is 0.4%.