Due to the Fed's downward revision of data, the market believes that the Fed's data can be fabricated. The US stock market and the crypto market began to not buy in, resulting in some emotional dumping. Trump continues to criticize the Fed for data falsification, and a Federal Reserve Board of Governors member is also resigning. The drama within the American political scene has reached a climax. After a night of turmoil, the CME's betting on a rate cut in September has reached a probability of 89.8%. A rate cut is definitely Favourable Information, and the short-term macro damage will certainly put selling pressure on the market; it remains to be seen how much it can fall.