After the release of the “small non-farm payrolls” and US GDP data, the probability of the Federal Reserve cutting interest rates by 25BP in November is 96.2%

Odaily News According to CME's "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points by November is 96.2%, and the probability of maintaining the current interest rate unchanged is 3.8% (99% and 1% before the data was released). The probability of maintaining the current interest rate unchanged by December is 1.1%, the probability of a cumulative interest rate cut of 25 basis points is 29.4%, and the probability of a cumulative interest rate cut of 50 basis points is 69.6% (0.5%, 22.9% and 76.6% before the data was released). (Jinshi)