The probability of the Federal Reserve cutting interest rates by 25 basis points in October is 99.4%.

According to CME's "Fed Watch," the probability of the Fed cutting interest rates by 25 basis points in October is 99.4%, while the probability of keeping rates unchanged is 0.6%. The probability of the Fed cutting interest rates by 50 basis points in December is 98.6%, while the probability of cutting interest rates by 75 basis points is 0.9%.