The probability of the Federal Reserve cutting interest rates by 25 basis points in October reaches 89.8%.

According to ChainCatcher, citing Jinse Finance, CME "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged in October is 10.2%, while the probability of a 25 basis point rate cut is 89.8%. In addition, the probability of the Federal Reserve keeping interest rates unchanged in December is 2.5%, the probability of a cumulative 25 basis point rate cut is 29.9%, and the probability of a cumulative 50 basis point rate cut is 67.6%.