According to Odaily, data from CME's 'FedWatch' tool indicates a 67% probability of a 25 basis point rate cut by the Federal Reserve in September, while the likelihood of a 50 basis point cut stands at 33%.

The data further reveals that by November, there is a 45.2% chance of a cumulative 50 basis point rate cut, a 44.1% probability of a cumulative 75 basis point cut, and a 10.8% likelihood of a cumulative 100 basis point cut.