Traders bet that the Federal Reserve is highly likely to cut interest rates in September, with the probability of a rate cut in October also rising.

Jinse Finance reported that with less than ten days remaining before the Federal Reserve's September policy meeting, current market traders are betting that the Fed is highly likely to cut interest rates in September, with the probability of a rate cut in October also rising. According to CME "FedWatch" data, the probability of no rate cut by the Fed in September is now 0, while the probability of a 25 basis point rate cut has reached 90%. This probability is reported at 87% on Polymarket. In addition, traders have started betting on a rate cut in October. CME data shows that if the Fed cuts rates in September, the probability of another 25 basis point cut in October is 71.6%, a significant increase from last week's 48%.