The Federal Reserve is expected to cut interest rates by 25 basis points in October, with a probability of 91.9%, according to CME's "Fed Watch". The likelihood of maintaining the current rates is only 8.1%. Looking ahead to December, the probability of rates remaining unchanged drops to 1.5%, while the chances of a cumulative 25 basis point cut stand at 24.1%, and a 50 basis point cut at 74.4%.
Federal Reserve Likely to Cut Interest Rates by 25 Basis Points in October
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