The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 71.8%.

BlockBeats reported that on July 9, according to CME Fed Watch, traders expect the Fed to have a 71.8% chance of cutting interest rates by 25 basis points in September; a 24.8% chance of keeping interest rates unchanged; and a 3.4% chance of cutting interest rates by 50 basis points.