CME FedWatch Displays 90.9% Probability of 25bps Cut at FOMC Nov 7 Meeting, with 9.1% for 50bps Cut

The CME FedWatch tool indicates that there is a 90.9% probability of a 25 basis point cut during the Federal Open Market Committee meeting on November 7. Additionally, it shows a 9.1% chance of a larger cut of 50 basis points.