According to PANews, CME's 'FedWatch' tool indicates a 73.5% probability that the Federal Reserve will cut interest rates by 25 basis points in September. The likelihood of a 50 basis point cut stands at 26.5%. By November, the cumulative probability of a 50 basis point rate cut is 54.2%, while the chances of a 75 basis point cut are 38.9%. The probability of a 100 basis point cumulative rate cut by November is 7.0%.
