The probability of the Fed cutting interest rates by 25 basis points in October is 99.4%.

According to Mars Finance news, as reported by Jin10, the CME “Fed Watch” shows that the probability of a 25 basis point rate cut by the Fed in October is 99.4%, while the probability of maintaining the interest rate is 0.6%. In addition, the probability of a cumulative rate cut of 50 basis points by the Fed in December is 98.6%, and the probability of a cumulative rate cut of 75 basis points is 0.9%.

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