The probability of the Federal Reserve cutting interest rates by 25 basis points in September is slightly reduced

According to the CME "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 55.0% (57.0% before the announcement), and the probability of cutting interest rates by 50 basis points is 45.0% (43.0% before the announcement). The probability of the Fed cutting interest rates by a cumulative 50 basis points by November is 28.9%, the probability of a cumulative 75 basis point cut is 49.7%, and the probability of a cumulative 100 basis point cut is 21.3%.