The probability of the Fed cutting rates by 50 basis points in September is 71.5 per cent

According to the CME "Fed Watch", the probability of the Fed cutting rates by 25 basis points in September is 28.5%, and the probability of cutting rates by 50 basis points is 71.5%. The probability that the Fed will cut interest rates by 50 basis points in November is 15.5%, the probability of a cumulative cut of 75 basis points is 51.8%, and the probability of a cumulative cut of 100 basis points is 32.7%.