There is a 90.7% probability that the Federal Reserve will cut interest rates in September

According to CME "FedWatch" reported by Jinse Finance, there is a 9.3% probability that the Federal Reserve will keep interest rates unchanged in September, and a 90.7% probability of a 25 basis point rate cut. For October, there is a 4.5% probability that rates will remain unchanged, a 48.9% probability of a cumulative 25 basis point rate cut, and a 46.5% probability of a cumulative 50 basis point rate cut.