On October 8th, according to CME "Federal Reserve Watch": The probability of the Federal Reserve cutting 25 basis points by November is 86.3%, and the probability of maintaining the current interest rate unchanged is 13.7%. The probability of a cumulative rate cut of 50 basis points by December is 78.8%, and the probability of a cumulative rate cut of 75 basis points is 8.9%; the probability of a cumulative rate cut of 100 basis points is 0%.