ChainCatcher message, according to reports from Jinshi, Canadian Imperial Bank of Commerce economist Timothy Musial believes that the market's expectations for a significant interest rate cut by the Federal Reserve are overly optimistic. Despite the exceptionally weak U.S. non-farm payroll data for August and the June data being revised down to negative values, the market is still mainly betting on a 50 basis point rate cut by the Federal Reserve this month. Musial pointed out that most bets are currently focused on a gradual rate cut of 25 basis points, and he expects the Federal Reserve to maintain policy flexibility after the meeting on September 17, without committing to a rate cut in October.