【The probability of a 25 basis point rate cut by the Federal Reserve in November is 98%】According to CME's "Fed Watch", the probability of a 25 basis point rate cut by the Federal Reserve in November is 98%, while the probability of maintaining the current interest rate is 2%. The probability of maintaining the current interest rate in December is 0.3%, the probability of a cumulative 25 basis point rate cut is 17.9%, and the probability of a cumulative 50 basis point rate cut is 81.7%.