Federal Reserve's October Rate Cut Probability Decreases

According to BlockBeats, data from CME's "FedWatch" indicates that following the release of U.S. initial jobless claims and other economic data, the probability of a 25 basis point rate cut by the Federal Reserve in October has decreased to 83.4%, down from 91.9% the previous day. Meanwhile, the likelihood of maintaining the current interest rate has risen to 16.6%. Earlier reports highlighted that the number of initial jobless claims in the U.S. for the week ending September 20 was 218,000, marking a new low since the week ending July 19, 2025, and below the expected 235,000. Additionally, the final annualized quarterly rate for the U.S. core PCE price index in the second quarter was 2.6%, slightly above the anticipated 2.5%. Furthermore, the final annualized quarterly rate for the U.S. real GDP in the second quarter was 3.8%, surpassing the expected 3.30%.