['DATE | October', 'DATE | this_year', 'LOC | US', 'ORG | CME_Group’s', 'ORG | Fed', 'ORG | Fed_Watch', 'PERCENT | 40_per_cent', 'PERCENT | 90_per_cent']
Stock prices bounced back from the dour economic data as bets on a third US rate cut this year at Fed’s October policy meeting surged to 90 per cent from 40 per cent, according to CME Group’s Fed Watch tool.