The probability of a Federal Reserve rate hike in October is 38.2%.

According to the CME "FedWatch": The probability that the Federal Reserve will keep interest rates unchanged at 3.75%-4.00% at its October meeting is 61.8%, while the probability of a 25 basis point rate hike is 38.2%. The probability that the Federal Reserve will keep interest rates unchanged at 3.75%-4.00% by December is 13.3%, the probability of a cumulative 25 basis point rate hike is 56.7%, and the probability of a cumulative 50 basis point rate hike is 30%.