According to the latest data from CME's 'Fed Watch', the probability of the US Federal Reserve cutting interest rates by 25 basis points in September stands at 72%. This indicates that the market is optimistic about the possibility of the US Federal Reserve System taking monetary easing policies. At the same time, the probability of a cut of 50 basis points is 28%, which shows that the market is relatively cautious about the possibility of a larger scale rate cut. In terms of future expectations for rate cuts, the market predicts that there is a 34.2% probability of cumulative cuts of 50 basis points by November, and a 51.1% probability of cumulative cuts of 75 basis points, with only a 14.7% probability of cumulative cuts of 100 basis points. These data reflect the diversity and uncertainty of the market's expectations for the future monetary policy path of the US Federal Reserve.