According to CME's "Fed Watch," there's a 1.7% probability that the Fed will keep interest rates unchanged in October, a 98.3% probability of a 25 basis point rate cut, a 0% probability of keeping interest rates unchanged in December, a 4.5% probability of a cumulative 25 basis point rate cut, and a 95.5% probability of a cumulative 50 basis point rate cut.
The probability of the Federal Reserve cutting interest rates by 25 basis points in October is 98.3%.
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