Federal Reserve's Potential Rate Cuts in November and December

According to BlockBeats, on October 4, CME's 'FedWatch' tool indicates a 71.5% probability that the Federal Reserve will cut interest rates by 25 basis points in November. The likelihood of a 50 basis point cut stands at 28.5%. By December, the cumulative probability of a 50 basis point cut is 45.8%, while the probability of a 75 basis point cut is 44.0%. Additionally, there is a 10.2% chance of a cumulative 100 basis point cut by the end of the year.