According to Jinshi, CME's "Fed Watch" data shows that the probability of the Fed cutting interest rates by 25 basis points by November is 45.2%, and the probability of cutting interest rates by 50 basis points is 54.8%. The probability of a cumulative rate cut of 50 basis points by December is 23.4%, the probability of a cumulative rate cut of 75 basis points is 50.2%, and the probability of a cumulative rate cut of 100 basis points is 26.5%.