Recently, a key focus in financial markets has been on the impending interest rate decision by the United States Federal Reserve System (Fed). According to data from the CME Group's 'FedWatch', market participants predict that the probability of the Fed keeping the current interest rate level unchanged at its upcoming August meeting has risen to 97.4%. This data reflects investor consensus that, in the short term, the Fed is unlikely to take measures to stimulate economic growth or mitigate potential economic downturn risks through rate cuts. Conversely, assessments of the probability of the Fed maintaining interest rates at the September meeting have reached 3.9%, while the probability of a 25 basis point rate cut in the same month has dropped to a low of 93.6%, indicating a clear reduction in market expectations for further rate cuts by the Fed within the next month. Meanwhile, the market's expectation for a cumulative rate cut of 50 basis points has further decreased to 2.5%. These figures show the latest assessment of the Fed's monetary policy path and the changing outlook for future economic prospects.