According to online reports, according to CME's "Federal Reserve Observation" data, the probability of a 25 basis point interest rate cut in July is 18.6%, and the probability of keeping interest rates unchanged is 81.4%. The probability that the Fed will keep interest rates unchanged until September is 8.6%, the probability of a cumulative interest rate cut by 25 basis points is 74.8%, and the probability of a cumulative interest rate cut by 50 basis points is 16.6%. The next two FOMC meetings of the Federal Reserve are July 30 and September 17 respectively.