According to the CME "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 69.5%, and the probability of cutting interest rates by 50 basis points is 30.5%. The probability of the Fed cutting interest rates by 25 basis points in total by November is 0%, the probability of reducing interest rates by 50 basis points in total is 65.0%, the probability of reducing interest rates by 75 basis points in total is 33.0%, and the probability of reducing interest rates by 100 basis points in total is 2.0%.