BlockBeats news reported on October 8 that there is an 83.5% likelihood of the Federal Reserve lowering interest rates by 25 basis points in November, based on data from CME’s “Fed Watch.” Additionally, there is a 16.5% chance that the Fed will maintain interest rates at 4.75%-5.00%.

The latest information from CME’s “Fed Watch” on October 8, as reported by BlockBeats news, suggests an 83.5% probability of a 25 basis points interest rate cut by the Federal Reserve in November. Alternatively, there is a 16.5% chance that interest rates will remain unchanged at 4.75%-5.00%.