Before the PCE data was released, the probability of the Federal Reserve cutting interest rates by 25 basis points in November was 50.1%.

Odaily News According to CME's "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points by November is 50.1%, and the probability of cutting interest rates by 50 basis points is 49.9%. The probability of a cumulative interest rate cut of 50 basis points by December is 26.0%, and the probability of a cumulative interest rate cut of 75 basis points is 50.0%; the probability of a cumulative interest rate cut of 100 basis points is 24.0%. (Jinshi)