According to the latest data, market expectations for the United States Federal Reserve System (the Federal Reserve) to implement a rate cut in September continue to increase. Specifically, analysis through the CME FedWatch tool shows that the probability of a 25 basis point rate cut next month has reached 73.5%. In contrast, the expectation for a 50 basis point rate cut has slightly decreased, with the current probability standing at 26.5%. These figures reflect the market's assessment of the current economic situation and the direction of monetary policy.