According to CME "Fed Watch": The probability of the Federal Reserve maintaining the current interest rate in January next year is 91.4%, and the probability of a 25 basis point cut is 8.6%. By March next year, the probability of maintaining the current interest rate is 47.6%, the cumulative probability of a 25 basis point cut is 48.3%, and that of a cumulative 50 basis point cut is 4.1%.