According to data from CME's "Fed Watch," as reported by Jinshi Data on August 29, there is a 63% probability that the Federal Reserve will cut interest rates by 25 basis points in September. The data also indicates a 37% chance of a more aggressive 50 basis point cut.
Looking ahead to November, the probability of a cumulative 50 basis point cut stands at 41.4%, while the chances of a 75 basis point cut rise to 45.9%. There is also a 12.7% probability that the Federal Reserve could implement a cumulative 100 basis point cut by November.
