Odaily News According to CME's "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 46%, and the probability of cutting interest rates by 50 basis points is 54%. The probability of the Fed cutting interest rates by 50 basis points by November is 29.6%, the probability of cutting interest rates by 75 basis points is 51.2%, and the probability of cutting interest rates by 100 basis points is 19.2%.