The probability of the Fed cutting 25 basis points by November is 96.1%, which is unchanged from before the PCE data was released.

Odaily News According to CME's "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points by November is 96.1%, and the probability of maintaining the current interest rate is 3.9%. The probability of maintaining the current interest rate by December is 1.1%, the probability of a cumulative interest rate cut of 25 basis points is 29.2%, and the probability of a cumulative interest rate cut of 50 basis points is 69.7%. There is no change compared to before the PCE data was released. (Jinshi)