CME Fed Watch: The probability of the Fed cutting interest rates by 50 basis points in September has risen to 95.5%

According to CME's "Fed Watch" data, the probability of the Fed cutting interest rates by 50 basis points in September has risen to 95.5%, which was 69.5% three days ago. In addition, the probability of the Fed cutting interest rates by another 50 basis points in November is 72.9%.