Standard Chartered Bank released a report on September 14, explicitly stating its judgment that the Federal Reserve will keep interest rates unchanged at the September 15-16 FOMC meeting, deeming the current rate hike a "mistaken policy choice." This stands in stark contrast to the current 88% probability of a 25 basis point rate hike in September priced in by federal funds futures. The report points out that inflationary pressures may be overestimated, tariff shocks are fading, and Federal Reserve Chairman Warsh faces the challenge of managing high rate hike expectations, while the voting logic also does not support a September rate hike.