The probability of the Federal Reserve cutting interest rates in September is 87.8%.

According to CME's "Fed Watch," the probability of the Fed keeping interest rates unchanged in September is 12.2%, and the probability of a 25 basis point rate cut is 87.8%. The probability of the Fed keeping interest rates unchanged in October is 6.2%, the probability of a cumulative 25 basis point rate cut is 50.6%, and the probability of a cumulative 50 basis point rate cut is 43.2%. (Jinshi)