According to Jinshi Data, according to CME's "Fed Watch": the probability of the Fed cutting interest rates by 25 basis points by November is 97.7%, and the probability of maintaining the current interest rate is 2.3%. The probability of maintaining the current interest rate by December is 0.6%, the probability of a cumulative interest rate cut of 25 basis points is 27.7%, and the probability of a cumulative interest rate cut of 50 basis points is 71.7%.