CME's FedWatch tool reveals a 97.3% probability that the Federal Reserve will implement a 25-basis-point rate cut at its October meeting. The likelihood of maintaining current rates stands at just 2.7%. Looking ahead to December, the probability of rates remaining unchanged has plummeted to 0.1%, while the chance of a cumulative 50-basis-point cut has surged to 93.5%. These projections reflect market expectations for significant monetary policy easing by the end of the year.