According to CME's "FedWatch": The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 87.6%, while the probability of keeping the rates unchanged is 12.4%. The probability of the Federal Reserve cumulatively cutting rates by 25 basis points by January next year is 69.3%, while the probability of keeping the rates unchanged is 9.3%, and the probability of a cumulative cut of 50 basis points is 21.3%.