96.3% probability that the Fed will cut rates by 25 BP in November

The probability that the Fed will cut 25 basis points by November is 96.3%, and the probability of keeping current rates unchanged is 3.7%. The probability of keeping current rates unchanged through December is 1%, the probability of a cumulative 25 basis point cut is 28.5%, and the probability of a cumulative 50 basis point cut is 70.5%.