After the non-farm payrolls were released, the probability of the Federal Reserve lowering interest rates by 25 basis points in November rose to 89.4%

ChainCatcher news, according to Jinshi reports, after the non-farm payroll data was released, CME's "Fed Watch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points by November is 89.4%, and the probability of a 50 basis point cut is 10.6%. The probability of a cumulative 50 basis point cut by December is 74.5%, and the probability of a cumulative 75 basis point cut is 23.7%; the probability of a cumulative 100 basis point cut is 1.8%.

Before the non-farm data was released, the probability of the Federal Reserve cutting interest rates by 25 basis points by November was 71.5%, and the probability of a 50 basis point cut was 28.5%. The probability of a cumulative 50 basis point cut by December is 45.8%, and the probability of a cumulative 75 basis point cut is 44.0%; the probability of a cumulative 100 basis point cut is 10.2%.