In recent times, the movements in the US interest rate futures market have shown a strong anticipation from the market regarding future adjustments to monetary policy. The remarks by Federal Reserve Governor Waller are seen as crucial guidance on current economic conditions and future policy directions, leading the market to give positive feedback on the probability of a rate cut by the Fed in September. Currently, the market is widely pricing in that the Federal Reserve will implement a 50 basis point cut during its decision-making meeting next month, reflecting investors' collective judgment on risks of global economic slowdown, easing inflation pressures, and measures to support growth. As more economic data are released and the Fed's internal policy discussions progress, market expectations may continue to adjust, influencing the volatility of interest rate futures prices.