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

According to CME's "Fed Watch", the probability of the Fed cutting 25 basis points by November is 99.7%, the probability of maintaining the current interest rate unchanged is 0%, and the probability of cutting interest rates by 50 basis points is 0.3%. The probability of maintaining the current interest rate unchanged by December is 0%, the probability of a cumulative interest rate cut of 25 basis points is 19.5%, and the probability of a cumulative interest rate cut of 50 basis points is 80.3%. Before the release of the non-agricultural data, the probability of the Fed cutting 25 basis points by November was 93.1%, and the probability of maintaining the current interest rate unchanged was 6.9%. The probability of maintaining the current interest rate unchanged by December is 5.2%, and the probability of a cumulative interest rate cut of 25 basis points is 94.8%. (Jinshi)