Federal Reserve's September Rate Decision Likely to See Cut

According to BlockBeats, the CME FedWatch Tool indicates a 3.4% probability that the Federal Reserve will maintain its current interest rates in September, while there is a 96.6% likelihood of a 25 basis point rate cut. Looking ahead to October, the probability of the Federal Reserve keeping rates unchanged drops to 1.6%. The chances of a cumulative 25 basis point rate cut stand at 46.8%, and there is a 51.6% probability of a cumulative 50 basis point reduction.