CME FedWatch Tool: 78.4% Probability the Fed Will Hold Rates Unchanged in October Ahead of September CPI Release

Ahead of the U.S. September CPI data release, the CME FedWatch Tool shows a 78.4% probability that the Federal Reserve will hold interest rates unchanged through October, with a 21.6% chance of a cumulative 25 basis point rate hike. By December, the probability of holding rates steady stands at 12%, while chances for a cumulative 25 basis point increase rise to 69.7% and a 50 basis point hike reach 18.3%. (Caixin Global)