In the latest round of economic data, following the release of the US Consumer Price Index (CPI), there has been a notable shift in market expectations regarding the Federal Reserve's future policy direction. According to the 'FedWatch' tool from CME Group, the probability of the Fed implementing a rate cut at its September meeting has seen a significant enhancement. Specifically, the assessment of a 25 basis point rate cut has risen from 71% to 85%, while the likelihood of a 50 basis point cut has dropped from 29% to 15%. Furthermore, the market anticipates that the Fed will cumulatively cut rates by 50 basis points in November with a probability of 43.8%, by 75 basis points with a probability of 48.9%, and by 100 basis points with a probability of only 7.3%. These figures reflect the market's concerns about the current state of the US economy and its expectations for monetary policy adjustments.