The likelihood of the Federal Reserve implementing a 25 basis point rate cut in September has reached 75%, according to CME's "Fed Watch" data. Conversely, the probability of maintaining the current interest rates stands at 25%. Looking ahead to October, the probability of rates remaining unchanged drops to 13.3%, while the chances of a cumulative 25 basis point cut rise to 51.5%, and a 50 basis point cut stands at 35.3%.