Before the non-farm payroll release, the probability of the Fed cutting interest rates by 25BP in November was 93.1%.

On November 1, Jinshi Data reported that according to CME's "Fed Watch": the probability of the Fed lowering 25 basis points in November is 93.1%, the probability of keeping the current interest rate unchanged is 6.9%. The probability of keeping the current interest rate unchanged in December is 5.2%, and the cumulative probability of lowering the interest rate by 25 basis points is 94.8%.