CME "Fed Watch": 83% chance of Fed cutting rates by 50 basis points in September

According to the CME "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 17%, and the probability of cutting interest rates by 50 basis points is 83%. The probability of the Fed cutting interest rates by 75 basis points in November is 7.4%, the probability of reducing interest rates by 100 basis points in total is 45.8%, and the probability of reducing interest rates by 125 basis points in total is 46.8%.