Fed Rate Hold Probability for October Stands at 52.9% Following PCE Data

According to the CME FedWatch Tool on September 30, the probability of the Federal Reserve maintaining current interest rates in October is 52.9%, with a 47.1% chance of a 25 basis point hike. For December, the probability of holding rates is 10%, while the likelihood of a cumulative 25 basis point hike is 51.8%, and a 50 basis point hike is 38.2%.