According to the CME "Fed Watch", the probability of the Fed maintaining current interest rates unchanged in December is 40.9%, and the probability of a cumulative 25 basis point cut is 59.1%. The probability of maintaining current interest rates unchanged in January next year is 30.4%, the probability of a cumulative 25 basis point cut is 54.5%, and the probability of a cumulative 50 basis point cut is 15.2%.