According to the CME "Fed Watch", the probability of a 25 basis point cut by November is 40.8%, and the probability of a 50 basis point cut is 59.2%. The probability of a cumulative 50 basis point cut by December is 19.5%, the probability of a cumulative 75 basis point cut is 49.6%; the probability of a cumulative 100 basis point cut is 30.9%.