On August 13, the Jinshi data reported that according to CME's 'Fed Watch': the probability of a 25 basis point rate cut by the Fed in September is 52%, and the probability of a 50 basis point rate cut is 48%. The probability of a cumulative 50 basis point rate cut by the Fed by November is 35.6%, the probability of a cumulative 75 basis point rate cut is 49.3%, and the probability of a cumulative 100 basis point rate cut is 15.1%.