The probability of the Federal Reserve cutting interest rates in September is 96.6%

According to CME's "Fed Watch", the probability of the Fed keeping interest rates unchanged in September is 3.4%, while the probability of a 25 basis point rate cut is 96.6%. In October, the probability of the Fed keeping interest rates unchanged is 1.6%, the cumulative probability of a 25 basis point rate cut is 46.8%, and the cumulative probability of a 50 basis point rate cut is 51.6%.