The probability of the Federal Reserve cutting interest rates by 25 basis points in October is 97.3%.

According to Jinse Finance, CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in October is 97.3%, while the probability of keeping rates unchanged is 2.7%. The probability of a cumulative 50 basis points rate cut by the Federal Reserve in December is 95.3%.