Federal Reserve’s interest rate cut probability for October stands at 91.1%

Currently, there is a 91.1% probability that the Federal Reserve will cut interest rates by 25 basis points this October, with an 8.1% chance of maintaining the current rates.

By December, the likelihood of the Federal Reserve keeping rates unchanged drops to 1%. There is an 18.5% chance of a cumulative 25 basis point cut, while the probability of a cumulative 50 basis point cut rises to 80.5%.