Federal Reserve's September Rate Decision Likely to See Cut

According to BlockBeats, the CME FedWatch Tool indicates a 15.4% probability that the Federal Reserve will maintain its current interest rates in September, while there is an 84.6% likelihood of a 25 basis point rate cut. Looking ahead to October, the probability of rates remaining unchanged drops to 6%. The chances of a cumulative 25 basis point cut stand at 42.4%, with a 51.5% probability for a cumulative 50 basis point reduction.