The probability of the Federal Reserve cutting interest rates in September is 92.7%

According to CME's "Federal Reserve Watch" data, the probability of the Federal Reserve cutting interest rates by 25 basis points in September is 92.7%, and the probability of keeping interest rates unchanged is 7.3%. In addition, the probability of a cumulative 50 basis point interest rate cut in October is 61.5%, and the probability of a 25 basis point interest rate cut is 36.1%.