The probability of the Federal Reserve cutting interest rates by 25 basis points in October reaches 99.4%

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 99.4%, while the probability of maintaining the current rate is 0.6%. Additionally, the probability of a cumulative rate cut of 50 basis points by the Federal Reserve in December is 98.6%, and the probability of a cumulative rate cut of 75 basis points is 0.9%.