There is a 62.2% probability of the Federal Reserve cutting interest rates by 25 basis points in November
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According to CME's "FedWatch" tool, the probability of the Fed cutting interest rates by 25 basis points in November is 62.2%, while the probability of a 50 basis points cut is 37.8%. By December, the cumulative probability of a 50 basis points cut is 36.6%, a 75 basis points cut is 47.8%, and a 100 basis points cut is 15.6%
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