The probability of the Fed cutting interest rates in September is 89.6%.

According to CME's "FedWatch": The probability that the Federal Reserve will keep interest rates unchanged in September is 10.4%, with a 89.6% probability of a 25 basis point rate cut. The probability that the Fed will keep interest rates unchanged in October is 4.9%, with a cumulative 25 basis point rate cut probability of 47.3% and a cumulative 50 basis point rate cut probability of 47.9%.