The probability of the Federal Reserve cutting interest rates by 25 basis points in October is 93%.

According to the CME "Fed Watch": The probability of the Fed keeping interest rates unchanged in October is 7%, while the probability of a 25 basis point rate cut is 93%. In December, the probability of the Fed keeping interest rates unchanged is 1.3%, the probability of a cumulative 25 basis point rate cut is 22.5%, and the probability of a cumulative 50 basis point rate cut is 76.2%.