Upgrade fmt to 11.1.1

[maschwenk]

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watchman appears broken because of a regression in fmt fmtlib/fmt#4278

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[chenrui333]

@maschwenk thanks for the PR, there is already one in flight, #202565

[maschwenk]

👍🏼 didn't see yours by the time I opened this draft. Also wanted to make sure we got the watchman change in