The probability that the Fed will cut rates by 25 BP in November is 86.9%, and the probability of no rate cut is 13.1%

According to CME ‘Fed Watch’, the probability that the Fed will cut 25 basis points by November is 86.9%, and the probability of keeping the current rate unchanged is 13.1%. The probability of a cumulative rate cut of 50 basis points by December is 86.2%, the probability of a cumulative rate cut of 75 basis points is 0%; the probability of a cumulative rate cut of 100 basis points is 0%.