According to PANews, CME's 'FedWatch' tool indicates a 48% 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 52%. By November, the chances of a cumulative 50 basis point cut are 30.2%, a 75 basis point cut is 50.5%, and a 100 basis point cut is 19.3%.
