According to the CME "Fed Watch", the probability that the Fed will maintain current interest rates unchanged in December is 25.5%, and the probability of a cumulative 25 basis point cut is 74.5%. The probability of maintaining current interest rates unchanged in January next year is 20.6%, the probability of a cumulative 25 basis point cut is 65.1%, and the probability of a cumulative 50 basis point cut is 14.3%.