According to CME's "FedWatch": The probability that the Federal Reserve will keep interest rates unchanged in July is 97.4%, and the probability of a 25 basis point rate cut is 2.6%. The probability that the Federal Reserve will keep interest rates unchanged in September is 46.9%, the cumulative probability of a 25 basis point rate cut is 51.7%, and the cumulative probability of a 50 basis point rate cut is 1.3%.