According to CME's "Fed Watch", the probability that the Fed will maintain the current interest rate unchanged by December is 17.5%, and the probability of a cumulative interest rate cut of 25 basis points is 82.5%. The probability of maintaining the current interest rate unchanged by January next year is 11.9%, the probability of a cumulative interest rate cut of 25 basis points is 61.7%, and the probability of a cumulative interest rate cut of 50 basis points is 26.5%.