The probability of the Fed cutting interest rates by 25 basis points in October has risen to 99.4%.

BlockBeats News, October 21st, according to CME's "FedWatch": The probability of a 25 basis point rate cut by the Fed in October has risen to 99.4%, with a 0.6% probability of rates being unchanged.

The probability of a cumulative 50 basis point rate cut by the Fed by December is 98.6%, with a 0.9% probability of a cumulative 75 basis point cut.