Before the release of non-farm data, the probability of the Federal Reserve cutting interest rates by 25 basis points in September was 57%

According to CME's "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points in September is 57%, and the probability of cutting interest rates by 50 basis points is 43%. The probability of the Fed cutting interest rates by 50 basis points by November is 30.4%, the probability of cutting interest rates by 75 basis points is 49.5%, and the probability of cutting interest rates by 100 basis points is 20.1%. (Jinshi)