Futures markets are now pricing a near-certain 99% chance that the U.S. Federal Reserve will cut interest rates at its October policy meeting, following cooler September CPI readings. The probability of another 25-basis-point cut in December stands at 96%, as policymakers highlighted ‘clear disinflation progress.’ Bond yields dropped to two-month lows while equity markets rallied. Economists note that moderating inflation combined with resilient labor data supports a gradual easing path without jeopardizing financial-system stability.