The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 68%

According to CME's "Fed Watch", the probability of the Federal Reserve cutting interest rates by 25 basis points in September is 68%, and the probability of a 50 basis point cut is 32%. The likelihood of the Fed reducing rates by a cumulative total of 50 basis points by November stands at 48.7%, while there's a 42.2% chance for a cumulative reduction of 75 basis points, and a mere 9.1% possibility for an overall cut of up to100 basis points.