1, the Fed's interest rate cut will push up the domestic similar futures prices in the short term. The impact of the Federal Reserve's interest rate cut on China's commodity prices is manifold. First, with the interest rate cut in the United States, the market expects that the economic growth rate of the United States will accelerate, and the demand for various commodities will also rise, which will inevitably lead to the rise of commodity prices (especially industrial products). The rise of US dollar futures price has created a good external environment for the rise of China commodity futures. 2. As the Federal Reserve lowers interest rates. The timetable for the Bank of China to raise interest rates will be postponed. In the current environment of excess market liquidity, the rise in commodity prices will be the general trend. 3. Due to the antagonistic effect of commodities on the risk of dollar depreciation. Moreover, due to the cautious attitude of the US market towards inflation, the hedging effect of futures will be more concerned, and so will China. 4. Concerns about inflation in China and the government's concerns about gold futures. The positive information expressed by stock index futures can also promote the prosperity of futures market and the rise of prices.