Federal Reserve to cut interest rates by 0.25% at their meeting on October 29, 2025, and another 0.25% at the December 2025 meeting, bringing the Fed funds rate to 3.75%.
"It's changed from a 91.8% chance to a now 96.3%. So listen, that's how the CPI inflation report has impacted the Federal Reserve and their interest rate decisions for the remainder of the year."