The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 92%.

According to CME's "Fed Watch": The probability of the Federal Reserve keeping rates unchanged in September is 0%, the probability of a 25 basis point rate cut is 92%, and the probability of a 50 basis point rate cut is 8%. The probability of the Federal Reserve keeping rates unchanged in October is 0%, the cumulative probability of a 25 basis point rate cut is 21.2%, the cumulative probability of a 50 basis point rate cut is 72.6%, and the cumulative probability of a 75 basis point rate cut is 6.2%.