According to the CME "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 72%, and the probability of cutting interest rates by 50 basis points is 28%. The probability of the Fed cutting interest rates by 50 basis points in November is 34.2%, the probability of cutting interest rates by 75 basis points in total is 51.1%, and the probability of cutting interest rates by 100 basis points in total is 14.7%.