According to the CME "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 33.0%, and the probability of cutting interest rates by 50 basis points is 67.0%. The probability of the Fed cutting interest rates by 50 basis points in November is 19.3%, the probability of cutting interest rates by 75 basis points in total is 52.9%, and the probability of cutting interest rates by 100 basis points in total is 27.8%.