The probability of a 25 basis point rate cut by the Federal Reserve in October is 99%, with strong expectations for another rate cut in December.
According to ChainCatcher, citing Golden Ten Data, CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in October is 99%, while the probability of a 50 basis point cut is 1%. In addition, the probability of a cumulative 50 basis point rate cut by December is 94%, and the probability of a cumulative 75 basis point cut is 6%.
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