The probability of the Federal Reserve cutting interest rates by 50 basis points in September is 37%

According to CME's "FedWatch": The probability of the Fed cutting interest rates by 25 basis points in September is 63%, and the probability of a 50 basis point cut is 37%. The probability of the Fed cutting a total of 50 basis points by November is 37.9%, cutting a total of 75 basis points is 47.4%, and cutting a total of 100 basis points is 14.8%