The probability of the Federal Reserve cutting interest rates by 25 basis points in October reaches 99.4%

According to ChainCatcher, citing Golden Ten Data, CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in October is 99.4%, while the probability of keeping rates unchanged is 0.6%. In addition, the probability of a cumulative 50 basis point rate cut by the Federal Reserve in December is 98.6%, and the probability of a cumulative 75 basis point rate cut is 0.9%.