According to the CME "Fed Watch", the probability of the Fed cutting 25 basis points by November is 86.8%, the probability of keeping current interest rates unchanged is 13.2%, and the probability of cutting interest rates by 50 basis points is 0%. The probability of maintaining current interest rates unchanged by December is 3.5%, and the probability of reducing interest rates by 25 basis points cumulatively is 32.9%. The probability of reducing interest rates by 50 basis points cumulatively is 63.6%, and the probability of reducing interest rates by 75 basis points cumulatively is 0%.