CoinMeta data: John Williams, president of the Federal Reserve Bank of New York, stated that the urgency for a rate hike in October is not high, and the market's probability of a rate hike in October has dropped from 70% to below 50%. Williams pointed out that after the rate hike in September, there is no need to rush into further action at this time. He also mentioned that an inflation rate of 3.7% is "undoubtedly too high" and said that "it may be appropriate to raise rates again later this year." Meanwhile, another Fed official, Michael Barr, also indicated that more policy adjustments may be needed in the future to ensure that the inflation rate falls back to the target level in a timely manner.