After the ADP release, the probability of a Fed rate cut in October rises to 99%

Jinse Finance reported that CME "FedWatch" data shows: the probability of the Federal Reserve cutting interest rates by 25 basis points in October has risen to 99%. The probability of a cumulative 25 basis point rate cut by the Federal Reserve in December is 9.8%, the probability of a cumulative 50 basis point rate cut is 89.3%, and the probability of a cumulative 75 basis point rate cut is 0.9%.