Golden Finance reports that following the weak July non-farm employment data, financial markets are generally concerned that the Federal Reserve's interest rate cutting actions may be too late. However, market expectations for a 50 basis point rate cut by the Federal Reserve at its September meeting have been refuted by multiple observers. Chicago Fed President Christopher Guvnsby emphasized that the Federal Reserve will not overreact to single month data fluctuations. At the same time, several economists and industry leaders quickly stepped forward to oppose this view, stating that in the current environment, the Federal Reserve's adoption of such an aggressive interest rate cut will trigger unnecessary market panic. Gregory Daco, Chief Economist of Ernst & Young, noted that while Federal Reserve officials tend towards an hawkish stance, it is reasonable for the Fed to lower interest rates in September, but a 50 basis point cut would face resistance. Joseph Lavorgna, Chief Economist at SMBC Nikko Securities, warned that if the Federal Reserve really cuts interest rates by 50 basis points, it could lead to a rise in market panic, suggesting that market expectations of a large-scale cut are overly optimistic. Looking back, since Powell took over as the head of the Federal Reserve, the FOMC has only made similar scale interest rate adjustments in extreme emergency situations, further indicating that the Federal Reserve may not easily adopt such an aggressive interest rate cut strategy.