Less than ten days until the Federal Reserve's September meeting.

Traders Start Betting on October Rate Cuts

Summary of the article generated by AI
Market traders expect the Federal Reserve to significantly cut rates at the September meeting, with a 90% probability of a 25 basis point cut. At the same time, the probability of a rate cut in October has also risen significantly to 71.6%. According to BlockBeats news on September 8, with less than ten days until the Federal Reserve's September meeting, current market traders are betting on a high probability of a rate cut in September, with the probability of a rate cut in October rising in tandem. According to CME's "FedWatch" data, the probability of no rate cut in September has dropped to 0, while the probability of a 25 basis point cut has reached 90%. This probability is reported at 87% on Polymarket. Additionally, traders have begun to bet on a rate cut in October. CME data shows that if the Federal Reserve cuts rates in September, the probability of another 25 basis point cut in October is 71.6%, significantly up from last week's 48%.