The probability of a Fed rate hike in October has fallen to 50%.

According to the CME "FedWatch": The probability that the Federal Reserve will keep rates unchanged at 3.75%-4.00% at its October meeting is 49.6%, while the probability of a 25 basis point rate hike is 50.4%. The probability that the Federal Reserve will keep rates unchanged at 3.75%-4.00% by December is 8.5%, the probability of a cumulative 25 basis point rate hike is 49.8%, and the probability of a cumulative 50 basis point rate hike is 41.8%.