According to CME's "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points by November is 47.2%, and the probability of cutting interest rates by 50 basis points is 52.8%. The probability of a cumulative rate cut of 50 basis points by December is 21.6%, the probability of a cumulative rate cut of 75 basis points is 49.8%, and the probability of a cumulative rate cut of 100 basis points is 28.6%.