There is a 99% probability that the Fed will cut interest rates by 25BP tonight.

According to CME's "FedWatch", the probability of the Fed cutting interest rates by 25 basis points in November is 99.0%, the probability of a 50 basis point cut is 1.0%, the probability of a cumulative 25 basis point cut in December is 32.8%, the probability of a cumulative 50 basis point cut is 66.5%, and the probability of a cumulative 75 basis point cut is 0.6%.

BP14.48%
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