Recently, one of the key focuses in financial markets is the potential policy actions by the United States Federal Reserve System (commonly known as the Fed). The latest analysis shows that interest rate futures traders generally believe that the probability of the Fed conducting a rate cut operation in September is 55%. This expectation is mainly based on the uncertainty of the current global economic environment and the volatility of domestic economic data in the United States. Specifically, the most likely scenario for a 50 basis point rate cut is the highest, with an expected probability of about 45% for a 25 basis point rate cut. These market expectations reflect investors' concerns about the current economic situation and their expectations of possible adjustments to monetary policy by the Fed.