According to the CME "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 63%, and the probability of cutting interest rates by 50 basis points is 37%. The probability of the Fed cutting interest rates by 50 basis points in November is 37.9%, the probability of cutting interest rates by 75 basis points in total is 47.4%, and the probability of cutting interest rates by 100 basis points in total is 14.8%.