The probability of the Federal Reserve cutting interest rates by 25 basis points in November is 99.3%

According to CME's "Fed Watch": The probability of the Federal Reserve cutting 25 basis points by November is 99.3%, the probability of a 50 basis point cut is 0.7%, and the chance of maintaining the current interest rate is 0%. By December, the cumulative probability of a 25 basis point cut is 24%, a cumulative cut of 50 basis points has a likelihood of 75.5%, and there's only a slim chance (0.5%) for an accumulated reduction by as much as 75 basis points.