Before the FOMC statement, the Fed's decision to remain on hold was almost certain, with the probability of a September rate cut approaching 60%.

according to CME's "Fed Watch": The probability that the Fed will maintain interest rates unchanged tonight is 96.9%, and the probability of a 25 basis point rate cut is 3.1%. The probability that the Fed will maintain interest rates unchanged in September is 40.2%, the cumulative probability of a 25 basis point rate cut is 57.9%, and the cumulative probability of a 50 basis point rate cut is 1.8%.