The probability of the Fed cutting interest rates by 25 basis points in September is 70%.

According to CME's "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points in September is 70%, and the probability of cutting interest rates by 50 basis points is 30%. The probability of the Fed cutting interest rates by 50 basis points by November is 28.5%, the probability of cutting interest rates by 75 basis points is 53.7%, and the probability of cutting interest rates by 100 basis points is 17.8%. (Jinshi)