Greeks.live said that as this week is about to end smoothly, the U.S. presidential debate and various macro data have not brought significant fluctuations, and expectations for the Federal Reserve's interest rate cut next week are gradually converging. Currently, judging from the interest rate trading data provided by CME , the probability of a 25 basis point interest rate cut next week is 87%, and the probability of a 50 basis point interest rate cut is only 13%. At the same time, it can be seen from options data that all major term IVs have declined significantly, and the market's volatility expectations have been met. The market theme in September is still oscillation.