The probability of the Federal Reserve cutting interest rates in September is 93.6%.

According to CME's "Fed Watch," the probability of the Fed keeping interest rates unchanged in September is 6.4%, while the probability of a 25 basis point rate cut is 93.6%. In October, the probability of the Fed keeping interest rates unchanged is 2%, with a cumulative 25 basis point rate cut probability of 33.9% and a cumulative 50 basis point rate cut probability of 64%.