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Before the non-farm payroll announcement, the probability of the Federal Reserve cutting interest rates by 25BP in November was 93.1%.

On November 1st, according to CME "Federal Reserve Watch": The probability of the Federal Reserve falling by 25 basis points in November is 93.1%, and the probability of maintaining the current interest rate unchanged is 6.9%. The probability of maintaining the current interest rate unchanged by December is 5.2%, and the probability of a cumulative rate cut of 25 basis points is 94.8%.