Federal Reserve's October Rate Cut Likelihood Increases Amid U.S. Government Shutdown Concerns

According to BlockBeats, data from CME's "FedWatch" indicates a significant rise in the probability of a 25 basis point interest rate cut by the Federal Reserve in October. Despite the looming U.S. government shutdown, the likelihood of a rate cut has surged to 96.7%, while the probability of maintaining the current rate has dropped to 3.3%.