According to the CME "Fed Watch", the probability of the Fed cutting 25 basis points by November is 95.6%, and the probability of keeping current interest rates unchanged is 4.4%. The probability of a cumulative rate cut of 50 basis points by December is 84.1%, the probability of a cumulative rate cut of 75 basis points is 0%; the probability of a cumulative rate cut of 100 basis points is 0%.