According to Jinshi, CME's "Fed Watch" data showed that the probability of the Fed keeping interest rates unchanged in August was 87.1%, and the probability of a 25 basis point rate cut was 12.9%. By September, the probability of the Fed keeping interest rates unchanged fell to 37.4%, the probability of a cumulative 25 basis point rate cut rose to 55.2%, and the probability of a cumulative 50 basis point rate cut was 7.4%.
