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 total by November is 41.4%, the probability of cutting interest rates by 75 basis points in total is 45.9%, and the probability of cutting interest rates by 100 basis points in total is 12.7%.