Greeks.live: September Market Theme Remains Oscillatory as Fed Rate Cut Expectations Converge Next Week

Adam, Researcher at Greeks.live, posted on the X-platform that as the week comes to a smooth end, with no significant volatility from the US presidential debate or macro data, expectations for a Fed rate cut next week are gradually converging, with the probability of a 25 bps cut next week at 87% and a 50 bps cut at only 13% based on the interest rate trading data from the Chips Exchange's CME. Meanwhile, options data shows a significant decline in IVs across all major maturities, with market volatility expectations falling short and the market theme for September remaining one of oscillators.