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The probability of the Fed cutting interest rates by 25 basis points this week is 96.1%

Source: golden
According to CME's "Federal Observation": the probability of the Fed's interest rate cut by 25 basis points this week is 96.1%, and the probability of a 50 basis points cut is 3.9%. The probability of the Fed's cumulative interest rate cut of 25 basis points in October is 20.1%, the probability of a cumulative interest rate cut of 50 basis points is 76.8%, and the probability of a cumulative interest rate cut of 75 basis points is 3.1%.
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