After the release of the non-agricultural data, the probability of the Federal Reserve cutting interest rates by 25 basis points in November rose to 89.4%

Odaily Odaily News: After the release of the non-agricultural data, CME's "Fed Watch" showed that the probability of the Fed cutting interest rates by 25 basis points by November was 89.4%, and the probability of cutting interest rates by 50 basis points was 10.6%. The probability of a cumulative interest rate cut of 50 basis points by December is 74.5%, and the probability of a cumulative interest rate cut of 75 basis points is 23.7%; the probability of a cumulative interest rate cut of 100 basis points is 1.8%. Before the release of the non-agricultural data, the probability of the Fed cutting interest rates by 25 basis points by November was 71.5%, and the probability of a 50 basis point cut was 28.5%. The probability of a cumulative interest rate cut of 50 basis points by December is 45.8%, and the probability of a cumulative interest rate cut of 75 basis points is 44.0%; the probability of a cumulative interest rate cut of 100 basis points is 10.2%. (Jinshi)