The U.S. economic data for August has been released one after another, and traders have raised the probability of the Federal Reserve cutting interest rates by 50 basis points in September to 39%.

[U.S. economic data for August are released one after another, and traders raise the probability of the Fed's September rate cut by 50 basis points to 39%] Golden Finance reported that the U.S. ISM August Manufacturing PMI report released today showed that the U.S. economy continued to shrink. According to the Fed's usual data from the Chicago Mercantile Exchange (CME), affected by the weak data, traders raised the probability of the Fed's September rate cut by 50 basis points from 30% a day ago to 39%. However, the favorite bet is still 25 basis points, at 61%. The main event of U.S. macro news is still Friday's August employment report, which may also be the final determinant of the Fed's 25 or 50 rate hike. Economists predict that jobs will rebound from 114,000 in July to 160,000. The unemployment rate is expected to fall from 4.3% to 4.2%.