Less than ten days away from the Fed's September interest rate meeting, traders are starting to bet on an October rate cut
BlockBeats News, September 8th. With less than ten days until the Fed's September interest rate meeting, current market traders are betting on a high probability of a rate cut in September and a simultaneous increase in the probability of a rate cut in October.
According to CME's "FedWatch" data, the probability of no rate cut in September by the Fed is now 0, with a 90% probability of a 25 basis point rate cut. This probability is reported as 87% on Polymarket.
Furthermore, traders are starting to bet on a rate cut in October. CME data shows that if the Fed cuts rates in September, the probability of another 25 basis point rate cut in October is 71.6%, a significant increase from last week's 48%.
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