The probability of the Federal Reserve cutting interest rates by 25 basis points in October rises to 98.3%.

According to ChainCatcher, citing Jinse Finance, CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in October is 98.3%, while the probability of keeping rates unchanged is 3.3%. In addition, the probability of the Federal Reserve cumulatively cutting rates by 50 basis points by December is 94.8%.