The probability of a cumulative 50 basis points rate cut by the Fed this year is 65.4%, and the probability of a cumulative 25 basis points rate cut is 31.5%.

ChainThink report, September 28, according to CME "Fed Watch" data, the probability of a 25 basis point rate cut by the Federal Reserve in October is now 87.7%, and the probability of keeping the interest rate unchanged is 12.3%.

The probability of the Federal Reserve cutting rates by 50 basis points in total by December is now 65.4%, and the probability of cutting rates by 25 basis points in total is 31.5%, with the probability of keeping the interest rate unchanged at 3.1%.

The next two FOMC meeting dates for the Federal Reserve are October 29 and December 10.