CME "Fed Watch": The probability of the Fed cutting interest rates by 50 basis points in September is 48.5%

According to CME's "FedWatch", the probability of the Fed cutting interest rates by 25 basis points in September is 51.5%, while the probability of a 50 basis point cut is 48.5%. The probability of the Fed cutting rates by a total of 50 basis points by November is 36.8%, 75 basis points is 49.4%, and 100 basis points is 13.9%.