[Probability of Fed Rate Hike in September Drops to Around 35% After PPI Report Release] BlockBeats news, August 13, according to CME FedWatch data, the probability of the Federal Reserve raising rates by 25 basis points in September was approximately 40% before today's PPI report release. After the report was published, the probability dropped to around 35%. The probability of the Fed maintaining interest rates in the 3.50%-3.75% range in September is approximately 65%.