48.9% probability of a 25BP Fed rate cut in November

The probability of a 25 bp Fed cut by November is 48.9%, and the probability of a 50 bp cut is 51.1%. The probability of a cumulative 50 bp rate cut by December is 28.0%, the probability of a cumulative 75 bp rate cut is 50.2%; and the probability of a cumulative 100 bp rate cut is 21.9%.