After Powell's speech, the probability of the Fed cutting interest rates by 25 basis points in September is 67.5%
According to CME's "Fed Watch" data: the probability of the Fed cutting interest rates by 25 basis points in September is 67.5%, and the probability of cutting interest rates by 50 basis points is 32.5%. The probability of the Fed cutting interest rates by 50 basis points by November is 43%, the probability of cutting interest rates by 75 basis points is 45.2%, and the probability of cutting interest rates by 100 basis points is 11.8%.