Recently, key players in the financial markets assessed the future direction of the Federal Reserve's monetary policy through swap transactions. According to the results of these trading activities, the market generally believes that the Federal Reserve will implement a series of interest rate cuts before the end of the year, reducing the federal funds rate by approximately 100 basis points in total. This prediction reflects the market's concerns about the current global economic environment and the domestic economic conditions in the United States, as well as expectations for the Fed to adopt a loose monetary policy to stimulate economic growth. As the market becomes more sensitive to policy changes, the decisions made by the Federal Reserve will become a focal point for the global financial markets.