To summarize the key issues of the Federal Reserve's November meeting minutes that everyone is concerned about:

1. Most committee members still believe that a 25 basis point rate cut in December is appropriate.

2. The assessment of the downside risks to the baseline economic activity forecast has been lowered.

3. Continuing the balance sheet reduction is appropriate.

4. If inflation continues to rise, rate cuts may be paused.

5. If the unemployment rate continues to rise or the economy slows down, rate cuts may be accelerated.

6. The overnight interest rate is not of much interest to everyone, so I won't elaborate on it.

Looking at it this way, the probability of a 25 basis point rate cut in December is still quite high.