The probability of the Federal Reserve cutting interest rates by 25 basis points in October reaches 97.3%.

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 97.3%, while the probability of keeping rates unchanged is 2.7%. In addition, the probability of a cumulative 50 basis point rate cut by December is 95.5%, while the probability of a cumulative 75 basis point rate cut has dropped to 0%.