According to the CME "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 90.5%, and the probability of cutting interest rates by 50 basis points is 9.5%. The probability of the Fed cutting interest rates by 25 basis points in November is 21.7%, the probability of reducing interest rates by 50 basis points in total is 71.1%, and the probability of reducing interest rates by 75 basis points in total is 7.2%.