Fed has 70.4% probability of 25 bps rate cut in November

October 10, according to the CME ‘Fed Watch’: the probability that the Fed will cut 25 basis points in November is 70.4%, the probability of maintaining the current rate unchanged is 29.6%.

The probability of a cumulative rate cut of 50 basis points by December is 65.3%, the probability of a cumulative rate cut of 75 basis points is 8.7%; the probability of a cumulative rate cut of 100 basis points is 0%.