The probability of the Federal Reserve cutting interest rates by 25BP tonight is 99%.

According to the CME "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in November is 99.0%, the probability of cutting interest rates by 50 basis points is 1.0%, the probability of reducing interest rates by 25 basis points in December is 32.8%, the probability of reducing interest rates by 50 basis points in total is 66.5%, and the probability of reducing interest rates by 75 basis points in total is 0.6%.