The probability of the Federal Reserve cutting interest rates by 25 basis points in November has risen to 99.7%.

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ODAILY
11-01
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According to the "Fed Watch" of CME, the probability of the Fed cutting 25 basis points in November is 99.7%, the probability of maintaining the current interest rate is 0%, and the probability of cutting 50 basis points is 0.3%. The probability of maintaining the current interest rate in December is 0%, the probability of a cumulative 25 basis point rate cut is 19.5%, and the probability of a cumulative 50 basis point rate cut is 80.3%. Before the release of the non-farm payroll, the probability of the Fed cutting 25 basis points in November is 93.1%, and the probability of maintaining the current interest rate is 6.9%. The probability of maintaining the current interest rate in December is 5.2%, and the probability of a cumulative 25 basis point rate cut is 94.8%. (Gold Ten)

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