The probability of a 25BP rate cut by the Federal Reserve in November is 91.1%

Golden Finance reported that, according to CME’s ‘FedWatch,’ the probability of the Fed cutting 25 basis points by November is 91.1%, the probability of keeping the current Interest Rate unchanged is 8.9%, and the probability of a 50 basis point rate cut is 0%. By December, the probability of keeping the current Interest Rate unchanged is 2.2%, the cumulative probability of a 25 basis point rate cut is 29.5%, the cumulative probability of a 50 basis point rate cut is 68.3%, and the cumulative probability of a 75 basis point rate cut is 0%.