[Probability of Fed Cutting Rates by 25 Basis Points in October Reaches 97.3%] According to data from the CME 'FedWatch' tool, the probability of the Federal Reserve cutting rates by 25 basis points at its October meeting is as high as 97.3%, while the likelihood of maintaining the current interest rate level is only 2.7%. Additionally, the market expects a cumulative rate cut of 50 basis points by the Fed in December with a probability of 95.3%.