The probability of the Federal Reserve cutting interest rates by 25 basis points in October is 91.1%.

According to CME's "Fed Watch," there's an 8.1% probability the Fed will keep interest rates unchanged in October, a 91.9% probability of a 25 basis point rate cut, a 1% probability of keeping interest rates unchanged in December, an 18.5% probability of a cumulative 25 basis point rate cut, and an 80.5% probability of a cumulative 50 basis point rate cut.