According to Jinshi, CME's "Fed Watch" data showed that the probability of the Fed keeping interest rates unchanged in August was 94.3%, and the probability of a 25 basis point rate cut was 5.7%. 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 68.6%, and the probability of a cumulative 50 basis point rate cut was 4.0%.