The probability of a 25BP rate cut by the Federal Reserve in November is 98.8%

Jinshi data on October 30th, according to CME “Fed Watch”: The probability of the Fed lowering 25 basis points by November is 98.8%, and the probability of maintaining the current interest rate is 1.2%. The probability of maintaining the current interest rate by December is 0.3%, the probability of cumulative interest rate cut of 25 basis points is 21.5%, and the probability of cumulative interest rate cut of 50 basis points is 78.3%.