The probability that the Fed will cut interest rates by 25 basis points in November is 62.2 per cent

The probability of a 25 basis point cut by the Fed by November is 62.2% and the probability of a 50 basis point cut is 37.8%. The probability of a cumulative 50 bps rate cut by December is 36.6%, the probability of a cumulative 75 bps rate cut is 47.8%; and the probability of a cumulative 100 bps rate cut is 15.6%.