Golden Finance reported that according to CME's "Fed Watch" data, by November, the probability of a 25 basis point cut is 40.8%, while the probability of a 50 basis point cut is 59.2%. By December, the probability of a cumulative 50 basis point cut is 19.5%, the probability of a cumulative 75 basis point cut is 49.6%, and the probability of a cumulative 100 basis point cut is 30.9%. This means that the market has different expectations for the Fed's interest rate cuts in the coming months, ranging from a smaller 25 basis point to a larger 100 basis point.