The probability of the Federal Reserve cutting interest rates by 25 basis points in October is 87.7%.

According to CME's "FedWatch," the probability of the Fed keeping rates unchanged in October is 12.3%, while the probability of a 25 basis point rate cut is 87.7%. In December, the probability of the Fed keeping rates unchanged is 3.1%, the cumulative probability of a 25 basis point rate cut is 31.5%, and the cumulative probability of a 50 basis point rate cut is 65.4%.