According to CME "Fed Watch", the probability that the Fed will keep interest rates unchanged this week is 95.9%, and the probability of a 25 basis point cut is 4.1%. The probability that the Fed will keep interest rates unchanged until September is 0%, and the probability of a cumulative 25 basis point cut is 86.8%. The probability of a cumulative 50 basis point cut is 12.8%. The probability of a cumulative 75 basis point cut is 0.4%.