According to the CME's "Fed Watch", the probability of a 25 basis point cut in November is 99.3%, the probability of a 50 basis point cut is 0.7%, and the probability of keeping current interest rates unchanged is 0%. The probability of a cumulative rate cut of 25 basis points by December is 24%, the probability of a cumulative rate cut of 50 basis points is 75.5%, and the probability of a cumulative rate cut of 75 basis points is 0.5%.