After months of relentless pressure from President Donald Trump to ease borrowing costs, the Federal Reserve is now all but certain to lower interest rates on Sept. 17, ending a nine-month pause and resuming what could be a prolonged cutting cycle.
According to CME Group's FedWatch Tool, markets are pricing in a 100% probability that the Fed will cut the federal funds rate by 25 basis points, bringing the target range to 4.00%–4.25%. There's even an 11% chance of a more aggressive 50-basis-point cut.
