There is a 92.1% probability that the Federal Reserve will cut interest rates in September

According to Jinse Finance, citing CME "FedWatch": there is a 7.9% probability that the Federal Reserve will keep rates unchanged in September, and a 92.1% probability of a 25 basis point rate cut. For October, there is a 3.2% probability that rates will remain unchanged, a 41.7% probability of a cumulative 25 basis point rate cut, and a 55.2% probability of a cumulative 50 basis point rate cut.