According to BlockBeats, on October 4, former U.S. Treasury Secretary Summers said that the Fed's 50 basis point rate cut in September was "a mistake" but it did not have a "significant impact." It is reported that traders are now pricing in less than 25 basis points for the Fed's November rate cut, and Bank of America has adjusted its expectations for the Fed's November rate cut from 50 basis points to 25 basis points. (Jinshi)