After the release of the Federal Reserve's July meeting minutes, the market reduced its expectations of a rate cut in September.

BlockBeats News, August 21: This morning, the Federal Reserve released the minutes of its July meeting, which noted that the trade tensions have brought significant uncertainty, and the downward revision of non-farm payroll numbers has exacerbated concerns about economic slowdown.

According to Polymarket data, the current market expects the probability of a 25 basis point rate cut in September to drop to 68%, and the probability of a 50 basis point rate cut to drop to 2%.