After the release of the US CPI: the probability of the Federal Reserve cutting interest rates by 25 basis points in September rose to 85%

According to the CME "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 85%, and the probability of cutting interest rates by 50 basis points is 15% (71% and 29% before the CPI announcement, respectively). The probability of the Fed cutting interest rates by a total of 50 basis points in November is 43.8%, the probability of reducing interest rates by a total of 75 basis points is 48.9%, and the probability of reducing interest rates by a total of 100 basis points is 7.3% (27%, 55%, and 18% before the CPI announcement, respectively).