Before the release of non-agricultural data, the probability of the Federal Reserve cutting interest rates by 25 basis points in November was 71.5%

According to CME's "Fed Watch" on October 4, Jinshi Data reported that the probability of the Fed cutting interest rates by 25 basis points by November is 71.5%, and the probability of cutting interest rates by 50 basis points is 28.5%. The probability of a cumulative interest rate cut of 50 basis points by December is 45.8%, and the probability of a cumulative interest rate cut of 75 basis points is 44.0%; the probability of a cumulative interest rate cut of 100 basis points is 10.2%.