According to the CME "Fed Watch", the probability of the Fed cutting by 25 basis points in November is 94.8%, and the probability of keeping current interest rates unchanged is 5.2%. The probability of keeping current interest rates unchanged in December is 1.3%, the probability of a cumulative rate cut of 25 basis points is 27.1%, and the probability of a cumulative rate cut of 50 basis points is 71.6%.