There is a 94.4% probability that the Federal Reserve will cut interest rates in September

According to CME "FedWatch" as reported by Jinse Finance: there is a 5.6% probability that the Federal Reserve will keep rates unchanged in September, and a 94.4% probability of a 25 basis point rate cut. For October, there is a 1.6% probability that rates will remain unchanged, a 30.8% probability of a cumulative 25 basis point rate cut, and a 67.6% probability of a cumulative 50 basis point rate cut.