43.9% probability of a 25BP Fed rate cut in November
According to CME's ‘Fed Watch’, the probability of the Fed cutting rates by 25 basis points in November is 43.9%, and the probability of cutting rates by 50 basis points is 56.1%. The probability of a cumulative rate cut of 50 basis points by December is 15.6%, the probability of a cumulative rate cut of 75 basis points is 48.3%; the probability of a cumulative rate cut of 100 basis points is 36.1%.
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