[Market Expects Federal Reserve to Raise Rates by 25 Basis Points in September, Focus on Dot Plot and Kevin Warsh's Statements] The market anticipates that the Federal Reserve will raise interest rates by 25 basis points at its September meeting. The FOMC will release an updated Summary of Economic Projections and dot plot. Federal Reserve Chair Kevin Warsh will elaborate on the considerations behind the rate hike and the subsequent policy path during a press conference. The market is closely watching his views on the long-term bond market, USD/JPY exchange rate, and risks associated with artificial intelligence. White House officials stated that U.S. President Trump will respect the Federal Reserve's decision. (Source: Jintou) AI Analysis: The Federal Reserve's rate hike decision will directly reshape the direction of global capital flows, as a high-interest-rate environment continues to suppress the valuation of risk assets. The dot plot, serving as a policy indicator, clarifies the terminal path of monetary tightening. The market's pricing of the rate hike reflects deep concerns over persistent inflation, and the clarification of the policy path is expected to trigger significant volatility in long-term bond yields. The Federal Reserve's hawkish stance has completely ended any short-term illusions of easing policies.