After the release of the CPI, the probability of the Federal Reserve lowering interest rates by 50 basis points in September rose to 10.9%.

According to CME "FedWatch": The probability of the Fed cutting interest rates by 25 basis points in September is 89.1%, and the probability of cutting rates by 50 basis points is 10.9%. The probability of the Fed cumulative 25 basis point rate cuts in October is 4.3%, the probability of cumulative 50 basis point rate cuts is 84.4%, and the probability of cumulative 75 basis point rate cuts is 11.3%.