According to the CME "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 77%, and the probability of cutting interest rates by 50 basis points is 23%. The probability of the Fed cutting interest rates by 50 basis points in November is 60.1%, the probability of cutting interest rates by 75 basis points in total is 34.8%, and the probability of cutting interest rates by 100 basis points in total is 5.0%.