According to the CME "Fed Watch", the probability of the Fed falling by 25 basis points in November is 97.7%, and the probability of keeping current interest rates unchanged is 2.3%. The probability of keeping current interest rates unchanged by December is 0.6%, the probability of a cumulative rate cut of 25 basis points is 27.7%, and the probability of a cumulative rate cut of 50 basis points is 71.7%. (Jin Ten)