According to the CME "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 74%, and the probability of cutting interest rates by 50 basis points is 26%. The probability of the Fed cutting interest rates by 50 basis points in November is 63.8%, the probability of cutting interest rates by 75 basis points in total is 32.6%, and the probability of cutting interest rates by 100 basis points in total is 3.6%.