CME Fed Watch: The probability of a September rate cut by the Federal Reserve is 93.6%.

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