The probability of the Federal Reserve cutting interest rates in September is 99.4%.

According to CME's "FedWatch": The probability of the Fed keeping interest rates unchanged in September is 0.6%, while the probability of a 25-basis-point rate cut is 99.4%. The probability of the Fed keeping interest rates unchanged in October is 0.3%, with a cumulative 25-basis-point rate cut probability of 44.5% and a cumulative 50-basis-point rate cut probability of 55.3%.