The probability of the Federal Reserve cutting interest rates by 50 BP in November is 52.8%

According to CME "Fed Watch": The probability of the Fed cutting 25 basis points by November is 47.2%, and the probability of a 50 basis point cut is 52.8%. The cumulative probability of a 50 basis point cut by December is 21.6%, while the cumulative chance for a 75 basis point cut stands at 49.8%; and there's a likelihood of about 28.6% for an overall rate reduction of up to100 basis points.