The probability of another 50 basis point interest rate cut by the Federal Reserve within this year is 65.4%, while the probability of a 25 basis point cut is 31.5%.

BlockBeats News, September 28th, according to CME’s “FedWatch” data, the probability of a 25 basis point Fed rate cut in October is currently 87.7%, while the probability of no rate change is 12.3%.

The probability of a total 50 basis point rate cut by the Fed by December is currently 65.4%, the probability of a total 25 basis point rate cut is 31.5%, and the probability of no rate change is 3.1%.

The next two FOMC meeting dates for the Fed are October 29th and December 10th.