The probability of the Federal Reserve cutting interest rates in September is 90.7%

According to CME's "Federal Reserve Watch", the probability of the Federal Reserve keeping interest rates unchanged in September is 9.3%, and the probability of cutting interest rates by 25 basis points is 90.7%. The probability of the Federal Reserve keeping interest rates unchanged in October is 4.5%, the probability of a cumulative 25 basis point rate cut is 48.9%, and the probability of a cumulative 50 basis point rate cut is 46.5%.