The probability of the Federal Reserve cutting interest rates by 50 basis points in November is 54.1% after the PCE data was released

ChainCatcher news, according to Jinshi reports, according to CME's "Fed Watch," the probability of the Federal Reserve lowering rates by 25 basis points by November is 45.9%, and the probability of a 50 basis point cut is 54.1% (before the PCE data release, these were 50.1% and 49.9% respectively). The probability of a cumulative 50 basis point cut by December is 24.0%, the probability of a cumulative 75 basis point cut is 50.2%; the probability of a cumulative 100 basis point cut is 25.8% (before the PCE data release, these were 26.0%, 50.0%, and 24.0% respectively).