The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 92%, and the probability of a 50 basis point cut is 8%.

According to CME's "Fed Watch," there's a 0% probability the Fed will keep interest rates unchanged in September, a 92% probability of a 25 basis point rate cut, and an 8% probability of a 50 basis point rate cut. The probability of the Fed keeping interest rates unchanged in October is 0%, with a 21.2% probability of a cumulative 25 basis point rate cut, a 72.6% probability of a cumulative 50 basis point rate cut, and a 6.2% probability of a cumulative 75 basis point rate cut.