The probability of the Fed lowering 25 basis points in November is 96.1%, unchanged from before the release of PCE data.

Odaily Star Daily According to the CME ‘Fed Watch’, the probability of the Fed cutting 25 basis points in November is 96.1%, and the probability of maintaining the current interest rate is 3.9%. The probability of maintaining the current Interest Rate in December is 1.1%, the probability of cumulative interest rate cut of 25 basis points is 29.2%, and the probability of cumulative interest rate cut of 50 basis points is 69.7%. There is no change compared to before the PCE data was released. (Jinshi)