On September 11, according to CME's "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points in September is 90.9%, and the probability of cutting interest rates by 50 basis points is 9.1% (this data was 8.0% before the CPI was announced).

The probability of the Fed cumulatively cutting interest rates by 25 basis points in October is 7.3%, the probability of cumulatively cutting interest rates by 50 basis points is 84.3%, and the probability of cumulatively cutting interest rates by 75 basis points is 8.4%.