According to Jinshi Data, the probability of the Federal Reserve 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 cumulative interest rate cuts of 50 basis points by December is 21.6%, the probability of cumulative interest rate cuts of 75 basis points is 49.8%, and the probability of cumulative interest rate cuts of 100 basis points is 28.6%.