According to the CME "Fed Watch", the probability that the Fed will maintain current interest rates unchanged by December is 4.0%, and the probability of a cumulative 25 basis point cut is 96%. The probability of maintaining current interest rates unchanged by January next year is 3.2%, the probability of a cumulative 25 basis point cut is 78.3%, and the probability of a cumulative 50 basis point cut is 18.5%. (Jin Ten)