According to BlockBeats, data from CME's 'FedWatch' tool on August 8 indicates that the probability of the Federal Reserve cutting interest rates by 25 basis points in September is 31.5%, while the likelihood of a 50 basis point cut stands at 68.5%.
Looking ahead to November, the cumulative probability of a 50 basis point rate cut by the Federal Reserve is 15.7%. The chances of a cumulative 75 basis point cut are 55.6%, and the probability of a cumulative 100 basis point cut is 28.7%.
