Federal Reserve Expected To Cut Rates By 25 Basis Points In November

According to BlockBeats, on October 28, data from CME's 'FedWatch' tool indicates a 97.7% probability that the Federal Reserve will cut interest rates by 25 basis points in November, with only a 2.3% chance of maintaining the current rate. Looking ahead to December, the probability of maintaining the current rate drops to 0.6%. The likelihood of a cumulative 25 basis point rate cut stands at 27.7%, while the probability of a cumulative 50 basis point rate cut is 71.7%.