Jim Cramer Says ‘Interest Rates Can Fall, Too!!’ as October Fed Hike Odds Fall to 21.6% — Here’s What Traders Are Betting On

Jim Cramer highlighted the potential for falling interest rates, coinciding with a 21.6% probability of a Federal Reserve rate hike at the upcoming October 28 meeting, while traders expect a 78.4% chance of no change. The Fed's recent decision to raise rates by a quarter percentage point to a target range of 3.75%-4.00% on September 16 has impacted the stock market, with Home Depot shares declining 6.52% from September 16 to October 1. Additionally, futures data indicates an 86.2% probability of a rate hike in December and a 92.2% chance in January 2027.