According to the CME "Fed Watch", the probability of the Fed maintaining current interest rates unchanged through December is 38.1%, and the probability of a cumulative 25 basis point cut is 61.9%. The probability of maintaining current interest rates unchanged through January next year is 25.9%, the probability of a cumulative 25 basis point cut is 54.3%, and the probability of a cumulative 50 basis point cut is 19.8%.