The Federal Reserve's interest rate cut bets continue to increase this year

According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in August is 94.3%, and the probability of a 25 basis point cut is 5.7%. The probability that the Fed will keep interest rates unchanged in September is 0.0%, the probability of a cumulative 25 basis point cut is 88.7%, the probability of a cumulative 50 basis point cut is 11.0%, and the probability of a cumulative 75 basis point cut is 0.3%.