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The probability of a 25 basis point rate cut by the Federal Reserve in October reaches 98.3%.
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According to ChainCatcher, citing Golden Ten Data, CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in October is 98.3%, while the probability of keeping rates unchanged is 1.7%. In addition, the probability of a cumulative 50 basis point rate cut by December is 93.4%.
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