According to CME's "FedWatch": The probability that the US Fed will maintain interest rates unchanged in July is 97.4%, and the probability of a 25-basis-point interest rate cut is 2.6%. The probability that the US Fed will maintain interest rates unchanged in September is 45.1%, the cumulative probability of a 25-basis-point interest rate cut is 53.5%, and the cumulative probability of a 50-basis-point interest rate cut is 1.4%.