Before the CPI release, the probability of the Fed keeping interest rates unchanged in October is 78.4%.
October 14th, according to CME FedWatch data, before the release of the US September CPI data today, the probability of the Fed keeping interest rates unchanged in October is 78.4%, and the probability of a cumulative 25 basis point rate hike is 21.6%. The probability of the Fed keeping interest rates unchanged in December is 12%, the probability of a cumulative 25 basis point rate hike is 69.7%, and the probability of a cumulative 50 basis point rate hike is 18.3%.