[CME FedWatch: The probability of the Federal Reserve raising interest rates in October dropped by 13.8 percentage points from one day ago to 86.8%.] On September 30, market expectations for the Federal Reserve to raise interest rates in October and December interest rate decisions have further declined. According to the CME FedWatch tool, market expectations for the Federal Reserve to raise interest rates have significantly cooled down from a day ago. The probability of raising interest rates at the October 28 meeting dropped to 37.1%, down 13.8 percentage points from 50.9% one day ago. At the same time, the probability of raising interest rates at least once before the end of December dropped to 86.8%, down 4.8 percentage points from 91.6% one day ago. Among them, the probability of the federal funds rate rising to 4.00%-4.25% by the end of December is 57.5%, and the probability of rising to 4.25%-4.50% is 29.3%. CME FedWatch probabilities are calculated based on federal funds futures prices. Earlier, the U.S. core personal consumption expenditures price index increased 0.2% month-on-month in August, lower than market expectations of 0.3% and the previous value was 0.2%.