Before the CPI was announced, according to CME's “Federal Reserve Watch”, the probability that the Fed will cut interest rates by 25 basis points in January next year is 26.6%, and the probability of keeping interest rates unchanged is 73.4%. The probability of cutting interest rates by 25 basis points by March next year is 45.8%, the probability of keeping interest rates unchanged is 43.2%, and the probability of cutting interest rates by 50 basis points is 10.9%.

Before the CPI was announced, according to CME's “Federal Reserve Watch”, the probability that the Fed will cut interest rates by 25 basis points in January next year is 26.6%, and the probability of keeping interest rates unchanged is 73.4%. The probability of cutting interest rates by 25 basis points by March next year is 45.8%, the probability of keeping interest rates unchanged is 43.2%, and the probability of cutting interest rates by 50 basis points is 10.9%.