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 95.5%, and the probability of maintaining the current interest rate is 4.5%. The probability of maintaining the current interest rate by December is 1.2%, the probability of a cumulative interest rate cut of 25 basis points is 28.3%, and the probability of a cumulative interest rate cut of 50 basis points is 70.5%.