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 15.5%, the probability of cutting interest rates by 75 basis points in total is 51.8%, and the probability of cutting interest rates by 100 basis points in total is 32.7%.