The probability of the Federal Reserve cutting interest rates by 25 basis points in October is 97.8%

ChainCatcher news, according to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in October is 97.8%, while the probability of maintaining the current rate is 2.2%. In addition, the probability of the Federal Reserve keeping rates unchanged in December is 0%, the probability of a cumulative cut of 25 basis points is 2.2%, and the probability of a cumulative cut of 50 basis points is 97.8%.