There is a 93.6% probability that the Federal Reserve will cut interest rates in September

According to CME "FedWatch" as reported by Jinse Finance: there is a 6.4% probability that the Federal Reserve will keep interest rates unchanged in September, and a 93.6% probability of a 25 basis point rate cut. For October, there is a 2% probability that rates will remain unchanged, a 33.9% probability of a cumulative 25 basis point rate cut, and a 64% probability of a cumulative 50 basis point rate cut.