The probability of a Federal Reserve rate hike in October is 67.5%.

According to the CME "FedWatch": The probability that the Federal Reserve will keep interest rates unchanged at 3.75%-4.00% at its October meeting is 32.5%, while the probability of a 25 basis point rate hike is 67.5%. The probability that the Federal Reserve will keep interest rates unchanged at 3.75%-4.00% by December is 5.2%%, the probability of a cumulative 25 basis point rate hike is 38%, and the probability of a cumulative 50 basis point rate hike is 56.8%.