Federal Reserve Likely To Cut Rates By 25 Basis Points In November

According to BlockBeats, the CME's 'FedWatch' tool indicates a 95.6% probability that the Federal Reserve will cut interest rates by 25 basis points in November. The likelihood of maintaining the current rate is 4.4%. By December, there is an 84.1% chance of a cumulative 50 basis points rate cut, while the probabilities for a 75 basis points and 100 basis points cut stand at 0%.