According to CME's "Fed Watch" data, the probability of the Fed cutting interest rates by 25 basis points in September is 78%, and the probability of cutting interest rates by 50 basis points is 22%. The probability of the Fed cutting interest rates by 25 basis points by November is 3.7%, the probability of cutting interest rates by 50 basis points is 75.3%, and the probability of cutting interest rates by 75 basis points is 21%.