The probability of the Federal Reserve cutting interest rates in September is 90.7%.

According to CME's "Fed Watch," the probability of the Fed keeping interest rates unchanged in September is 9.3%, and the probability of a 25 basis point rate cut is 90.7%. The probability of the Fed keeping interest rates unchanged in October is 4.5%, the probability of a cumulative 25 basis point rate cut is 48.9%, and the probability of a cumulative 50 basis point rate cut is 46.5%.