Fed Keeps Rates Unchanged in October With 79.5% Probability

According to the CME 'FedWatch', there is a 79.5% probability that the Fed will keep rates unchanged through October, with a 20.5% chance of a cumulative 25 basis point rate hike. By December, the probability of keeping rates unchanged stands at 12.4%, while the chances of a cumulative 25 basis point increase are at 70.3% and a 50 basis point hike at 17.3%. (Jiemian)