The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 48%.

According to CME's "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points in September is 48%, and the probability of cutting interest rates by 50 basis points is 52%. The probability of the Fed cutting interest rates by 50 basis points by November is 30.2%, the probability of cutting interest rates by 75 basis points is 50.5%, and the probability of cutting interest rates by 100 basis points is 19.3%.