There is a 98% probability that the Fed will cut interest rates by 25 BP in November

On November 5th, according to CME’s ‘Fed Watch’, the probability of the Fed lowering the interest rate by 25 basis points in November is 98%, and the probability of maintaining the current interest rate is 2%. The probability of maintaining the current interest rate in December is 0.3%, the probability of a cumulative interest rate cut of 25 basis points is 17.9%, and the probability of a cumulative interest rate cut of 50 basis points is 81.7%.