The market increases its bets on the Federal Reserve cutting rates three times this year.

ChainCatcher news, according to Golden Ten Data, CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in October is 96.3%, and the probability of a 50 basis points cut is 3.7%. The probability of a cumulative 25 basis points rate cut by the Federal Reserve in December is 0%, the probability of a cumulative 50 basis points cut is 85%, the probability of a cumulative 75 basis points cut is 14.6% (yesterday's probability was 0%), and the probability of a cumulative 100 basis points cut is 0.4%.