Traders in the interest rate futures market have adjusted their expectations for the Fed's policy actions in September. The latest data shows that the market currently predicts a 63% likelihood of a 25 basis point rate cut by the Fed at its upcoming meeting, an increase compared to previous predictions. Conversely, the expected probability of a 50 basis point cut has dropped to 37%. This shift reflects the most recent assessment of current economic conditions and monetary policy direction by the market.