The probability of the Federal Reserve cutting interest rates by 25BP in November is 98.9%.
According to the CME "Fed Watch", the probability of the Fed cutting 25 basis points in November is 98.0%, and the probability of keeping current interest rates unchanged is 1.1%. The probability of keeping current interest rates unchanged in December is 0.2%, the probability of a cumulative 25 basis point cut is 17.1%, and the probability of a cumulative 50 basis point cut is 82.7%.