According to the CME "Fed Watch", the probability of the Fed cutting by 25 basis points in November is 98.8%, and the probability of keeping current interest rates unchanged is 1.2%. The probability of keeping current interest rates unchanged in December is 0.3%, the probability of a cumulative rate cut of 25 basis points is 21.5%, and the probability of a cumulative rate cut of 50 basis points is 78.3%.