According to the CME "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 71.0%, and the probability of cutting interest rates by 50 basis points is 29.0%. The probability of the Fed cutting interest rates by 50 basis points in November is 28.7%, the probability of cutting interest rates by 75 basis points in total is 54.0%, and the probability of cutting interest rates by 100 basis points in total is 17.3%.