According to the CME "Fed Watch", the probability of the Fed cutting 25 basis points by November is 95.5%, and the probability of keeping current interest rates unchanged is 4.5%. The probability of keeping current interest rates unchanged by December is 1.2%, the probability of a cumulative rate cut of 25 basis points is 28.3%, and the probability of a cumulative rate cut of 50 basis points is 70.5%.