The probability of the Federal Reserve cutting interest rates in September is 92.4%.

According to CME's "Fed Watch," the probability of the Fed keeping interest rates unchanged in September is 7.6%, and the probability of a 25 basis point rate cut is 92.4%. The probability of the Fed keeping interest rates unchanged in October is 2.7%, the probability of a cumulative 25 basis point rate cut is 38%, and the probability of a cumulative 50 basis point rate cut is 59.2%.