Federal Reserve's Rate Cut Likelihood Analyzed

According to BlockBeats, the CME's 'FedWatch' tool indicates a 96.4% probability that the Federal Reserve will reduce interest rates by 25 basis points this week, with a 3.6% chance of a 50 basis point cut. Looking ahead to October, there is a 16.0% probability of a cumulative 25 basis point rate cut, an 81.0% chance of a 50 basis point reduction, and a 3.0% likelihood of a 75 basis point cut.