According to the CME "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 30.5%, and the probability of cutting interest rates by 50 basis points is 69.5%. The probability of the Fed cutting interest rates by 75 basis points in November is 4.1%, the probability of reducing interest rates by 100 basis points in total is 35.8%, and the probability of reducing interest rates by 125 basis points in total is 60.1%.