The probability of a Fed rate cut in September is 84.1%

According to CME "FedWatch" as reported by Jinse Finance: there is a 15.9% probability that the Federal Reserve will keep rates unchanged in September, and an 84.1% probability of a 25 basis point rate cut. For October, there is a 7.6% probability that rates will remain unchanged, a 48.4% probability of a cumulative 25 basis point rate cut, and a 44.1% probability of a cumulative 50 basis point rate cut. (Jin10)