According to Jin Shi data reports, the CME 'Federal Reserve Watch' shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 69.8%, while the probability of keeping the interest rate unchanged is 30.2%. By January next year, the cumulative probability of a 25 basis point cut is 56.6%, the probability of keeping the interest rate unchanged is 20.2%, and the cumulative probability of a 50 basis point cut is 23.2%.