On August 3, according to the CME "Federal Reserve Watch" data, the probability of the Federal Reserve cutting interest rates by 25 basis points in September is 78%, and the probability of cutting interest rates by 50 basis points is 22%. The probability of the Federal Reserve cutting interest rates by 25 basis points in November is 3.7%, the probability of reducing interest rates by 50 basis points in total is 75.3%, and the probability of reducing interest rates by 75 basis points in total is 21%.