CME Fed Watch: The probability of the Fed cutting interest rates by 25BP tonight is 99%

According to CME's "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points by November is 99.0%, the probability of cutting interest rates by 50 basis points is 1.0%, the probability of a cumulative 25 basis point cut in December is 32.8%, the probability of a cumulative 50 basis point cut is 66.5%, and the probability of a cumulative 75 basis point cut is 0.6%. (Jinshi)