According to the CME "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in November is 99.4%, and the probability of cutting interest rates by 25 basis points is 0.6%. The probability of a cumulative rate cut of 25 basis points by December is 32.0%, the probability of a cumulative rate cut of 50 basis points is 67.6%, and the probability of a cumulative rate cut of 75 basis points is 0.4%.