The probability of the Federal Reserve cutting interest rates by 25 basis points in November is 62.2%.

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

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