The probability of the Fed cutting interest rates by 50BP tonight is 61%.

According to CME's "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points in September is 39.0%, and the probability of cutting interest rates by 50 basis points is 61%. The probability of the Fed cutting interest rates by 50 basis points by November is 23.4%, the probability of cutting interest rates by 75 basis points is 52.2%, and the probability of cutting interest rates by 100 basis points is 24.4%. The probability of cutting interest rates by 75 basis points by December is 10.5%, and the probability of cutting interest rates by 100 basis points is 36.4%; the probability of cutting interest rates by 125 basis points is 39.7%; the probability of cutting interest rates by 150 basis points is 13.4%. (Jinshi)