According to Jinshi, CME's "Fed Watch" data shows that the probability of the Fed keeping interest rates unchanged in August is 87.6%, and the probability of a 25 basis point rate cut is 12.4%. By September, the probability of the Fed keeping interest rates unchanged is 29.8%, the probability of a cumulative 25 basis point rate cut is 62.0%, and the probability of a cumulative 50 basis point rate cut is 8.2%.