The probability of the Federal Reserve cutting interest rates by 25 basis points in November is 62.5%
According to CME "Fed Watch": The probability of the Federal Reserve cutting 25 basis points by November is 62.5%, and the probability of a 50 basis point cut is 37.5%. The cumulative probability of a 50 basis point cut by December is 44.5%, while the cumulative chance for a 75 basis point reduction stands at 44.7%; the likelihood for an overall cut of 100 basis points is at 10.8%.
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