CME FedWatch: Probability of keeping rates unchanged in October is 59.5%

According to CME "FedWatch": After the Federal Reserve raises interest rates as expected in September, there is a 59.5% probability that the Fed will keep the rate unchanged at 3.75%-4.00% at its October meeting, a 40.1% probability of a 25 basis point rate hike, and a 0.5% probability of a 50 basis point rate hike. By December, there is a 16.7% probability that the Fed will keep the rate unchanged at 3.75%-4.00%, a cumulative 54.0% probability of a 25 basis point rate hike, a cumulative 28.9% probability of a 50 basis point rate hike, and a cumulative 0.3% probability of a 75 basis point rate hike.