The probability of the Fed cutting interest rates by 25BP in November is 99.4%.
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According to the CME "FED Watch", the probability of the FED cutting by 25 basis points in November is 99.4%, and the probability of a 25 basis point cut is 0.6%. The probability of a cumulative 25 basis point cut by December is 32.0%, the probability of a cumulative 50 basis point cut is 67.6%, and the probability of a cumulative 75 basis point cut is 0.4%.
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