According to PANews, former US Treasury Secretary Lawrence Summers has expressed that the Federal Reserve's decision to cut interest rates by 50 basis points in September was a 'mistake,' although he noted it did not have a 'significant impact.' Currently, traders are pricing in less than a 25 basis point cut for the Federal Reserve's November meeting. Additionally, Bank of America has adjusted its expectations for the November rate cut from 50 basis points to 25 basis points.