There is a 61% chance that the Federal Reserve will cut interest rates by 50 BP tonight.

Odaily Planet Daily According to CME's "Fed Watch": The probability of a 25 basis point rate cut by the Fed in September is 39.0%, and the probability of a 50 basis point cut is 61%. The probability of a cumulative 50 basis point rate cut by the Fed until November is 23.4%, and the probability of a cumulative 75 basis point cut is 52.2%, while the probability of a cumulative 100 basis point cut is 24.4%. By December, the probability of a cumulative 75 basis point rate cut is 10.5%, the probability of a cumulative 100 basis point cut is 36.4%; the probability of a cumulative 125 basis point cut is 39.7%; the probability of a cumulative 150 basis point cut is 13.4%. (FXStreet)