The probability of the Federal Reserve cutting interest rates by 25BP in November is 90.1%.
According to CME's "Fed Watch", the probability of the Fed cutting 25 basis points in November is 90.1%, and the probability of keeping current interest rates unchanged is 9.9%. The probability of keeping current interest rates unchanged in December is 1.9%, the probability of a cumulative 25 basis point cut is 25.2%, and the probability of a cumulative 50 basis point cut is 72.9%.