According to CME's "Fed Watch", the probability of the Fed keeping interest rates unchanged in August is 91.2%, and the probability of a 25 basis point rate cut is 8.8%. The probability of the Fed keeping interest rates unchanged in September is 34.7%, the probability of a cumulative 25 basis point rate cut is 59.9%, and the probability of a cumulative 50 basis point rate cut is 5.4%.
