Expectations for interest rate cuts have increased significantly, and the market is waiting for the Fed's action!

The latest data from CME Fed Watch shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in September has soared to 83%, compared with the forecast value of 71.8% on July 9, showing that the market has strong expectations for an interest rate cut. At the same time, the probability of maintaining the current interest rate level dropped to 9.1%, while the probability of a larger 50 basis point interest rate cut was 7.9%, reflecting the market's general belief that a small interest rate cut will be the main option for the Federal Reserve's September meeting.