The probability of the Fed cutting interest rates by 25 basis points in September is 89.4%.

The probability of a 25 basis point cut in September is 89.4%, and the probability of a 50 basis point cut is 10.6%. The probability of a cumulative interest rate cut of 25 basis points in October is 14.9%, the probability of a cumulative interest rate cut of 50 basis points is 76.3%, and the probability of a cumulative interest rate cut of 75 basis points is 8.9%.