There is an 84.6% probability that the Federal Reserve will cut interest rates in September

According to CME "FedWatch" as reported by Jinse Finance: there is a 15.4% probability that the Federal Reserve will keep interest rates unchanged in September, and an 84.6% probability of a 25 basis point rate cut. For October, there is a 6% probability that rates will remain unchanged, a 42.4% probability of a cumulative 25 basis point rate cut, and a 51.5% probability of a cumulative 50 basis point rate cut. (Jin10)