Before the release of PCE data, the probability of the Federal Reserve cutting interest rates by 25 basis points in November is 50.1%

ChainCatcher news, according to Jinshi reports, before the release of PCE data, the CME "FedWatch" tool shows that the probability of the Federal Reserve lowering rates by 25 basis points by November is 50.1%, and the probability of a 50 basis point cut is 49.9%.

By December, the probability of a cumulative 50 basis point cut is 26.0%, the probability of a cumulative 75 basis point cut is 50.0%; the probability of a cumulative 100 basis point cut is 24.0%.