There is a 90.6% 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 rates by 25 basis points in November is 90.6%, while the probability of keeping the current interest rates unchanged is 9.4%. The probability of a cumulative 25 basis points rate cut by December is 13.3%, and the probability of a cumulative 50 basis points rate cut is 86.2%
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