The probability of the Fed cutting interest rates by 25 basis points in September is 66%

According to CME's "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 66%, and the probability of cutting interest rates by 50 basis points is 34%. The probability of the Fed cutting interest rates by 50 basis points by November is 41%, the probability of cutting interest rates by 75 basis points is 46%, and the probability of cutting interest rates by 100 basis points is 13%.