According to the CME "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 51.5%, and the probability of cutting interest rates by 50 basis points is 48.5%. The probability of the Fed cutting interest rates by 50 basis points in November is 36.8%, the probability of reducing interest rates by 75 basis points in total is 49.4%, and the probability of reducing interest rates by 100 basis points in total is 13.9%.