[CME Data Shows 93% Probability of Fed Cutting Rates by 25 Basis Points in September] According to the CME 'FedWatch' tool, there is a 93% probability that the Federal Reserve will cut rates by 25 basis points at its September meeting, while the likelihood of a 50 basis point cut is only 7%. Looking ahead to October, the probability of a cumulative 25 basis point rate cut is 21.4%, the probability of a cumulative 50 basis point cut rises significantly to 73.2%, and the probability of a cumulative 75 basis point cut stands at 5.4%.