According to Jinshi, CME's "Fed Watch" data showed that the probability of the Fed keeping interest rates unchanged in August was 91.2%, and the probability of a 25 basis point rate cut was 8.8%. By September, the probability of the Fed keeping interest rates unchanged fell to 27.4%, the probability of a cumulative 25 basis point rate cut rose to 66.5%, and the probability of a cumulative 50 basis point rate cut was 6.1%.
