According to the CME "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 32.5%, and the probability of cutting interest rates by 50 basis points is 67.5%. The probability of the Fed cutting interest rates by 50 basis points in November is 53.6%, the probability of cutting interest rates by 75 basis points in total is 39.7%, and the probability of cutting interest rates by 100 basis points in total is 6.7%.