CME Fed Watch: The probability of a 25 basis point rate cut in September rises to 83%

According to CME Fed Watch, traders expect the probability of the Fed cutting interest rates by 25 basis points in September to be 83.0% (the forecast value on July 9 was 71.8%); the probability of keeping interest rates unchanged is 9.1%; and the probability of cutting interest rates by 50 basis points is 7.9%.