The probability of the Federal Reserve cutting rates by a total of 50 basis points by December is now reported at 65.4%.

According to Jinse Finance, CME "FedWatch" data shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in October is currently reported at 87.7%, while the probability of keeping rates unchanged is 12.3%. The probability of a cumulative 50 basis point rate cut by December is now 65.4%, the probability of a cumulative 25 basis point rate cut is 31.5%, and the probability of keeping rates unchanged is 3.1%. The next two FOMC meeting dates are October 29 and December 10.