According to the CME "Fed Watch", the probability of the Fed maintaining current interest rates unchanged through December is 35.1%, and the probability of a cumulative 25 basis point cut is 64.9%. The probability of maintaining current interest rates unchanged through January next year is 22.4%, the probability of a cumulative 25 basis point cut is 54.1%, and the probability of a cumulative 50 basis point cut is 23.6%.