The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 59%
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According to CME's "FedWatch Tool," the probability of the Fed cutting interest rates by 25 basis points in September is 59%, while the probability of a 50 basis points cut is 41%. By November, the cumulative probability of a 50 basis points cut is 34.2%, a 75 basis points cut is 48.6%, and a 100 basis points cut is 17.3%
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