Fed Decision Preview: Market Focus on Powell Press Conference
BlockBeats News, October 29th: The market widely expected the Federal Reserve to cut interest rates by 25 basis points, adjusting the policy rate to 3.75-4.00%. At the same time, it was anticipated that the central bank would announce the end of quantitative tightening (QT). This meeting will not announce the quarterly economic projections, so the focus will mainly be on Powell's press conference. Federal Reserve Chairman Powell is expected to once again characterize the rate cut as a risk management measure and, in the absence of key economic data, refrain from revealing too much information to maintain market expectations stability. Currently, the market expects a rate cut in October to be a done deal, with the probability of a rate cut in December also close to 100%. By 2026, there is an expected cumulative rate cut of 117 basis points, higher than the Fed's projected 75 basis points (Krypton Ten)
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