The probability of the Federal Reserve cutting interest rates in September is 93.4%.

According to CME's "Fed Watch": The probability of the Fed keeping rates unchanged in September is 6.6%, while the probability of a 25 basis point rate cut is 93.4%. The probability of the Fed keeping rates unchanged in October is 2.4%, with a 37.7% probability of a cumulative 25 basis point rate cut and a 59.9% probability of a cumulative 50 basis point rate cut.