In more than 9 hours, the Federal Reserve will announce the interest rate decision of the September interest rate meeting. At present, the market has strong expectations for a 50 basis point rate cut.

The trading volume of October federal funds futures, which bet on the September Federal Reserve interest rate decision, has risen to the highest level since records began in 1988. Most of the new contracts bet on the Federal Reserve to cut interest rates by 50 basis points, and one-third of the positions were newly established this week.

CME "Fed Watch" shows that the probability of a 50 basis point rate cut in September has increased to 63%.

If the Federal Reserve cuts interest rates by 25 basis points instead of 50 basis points, the market reaction is expected to be very strong.