According to the CME "Fed Watch", the probability of the Fed maintaining current interest rates unchanged in December is 22.5%, and the probability of a cumulative 25 basis point cut is 77.5%. The probability of maintaining current interest rates unchanged in January next year is 17.2%, the probability of a cumulative 25 basis point cut is 64.5%, and the probability of a cumulative 50 basis point cut is 18.2%.