According to the CME "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 28.5%, and the probability of cutting interest rates by 50 basis points is 71.5%. The probability of the Fed cutting interest rates by 50 basis points in total by November is 19.3%, the probability of cutting interest rates by 75 basis points in total is 57.6%, and the probability of cutting interest rates by 100 basis points in total is 23.2%.