CME FedWatch data shows a 79.5% probability the Fed keeps rates unchanged in October, with a 20.5% chance of a 25bp hike. By December, the probability of holding steady drops to 12.4%, while a cumulative 25bp hike stands at 70.3% and 50bp at 17.3%. Market pricing reflects strong expectations of near-term policy stability but rising year-end tightening bets.