According to CME's "Fed Watch": The probability that the Federal Reserve will maintain unchanged interest rates in September is 2.4%, and the probability of a 25 basis point rate cut is 97.6%. The probability that the Federal Reserve will maintain unchanged interest rates in October is 1.1%, the cumulative probability of a 25 basis point rate cut is 46.7%, and the cumulative probability of a 50 basis point rate cut is 52.1%.