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Teaser: Tonight's Rate Cut Decision Set in Stone, Policy Focus shifts to "Number of Rate Cuts and Pace"
BlockBeats News, October 29, the Federal Reserve will announce its interest rate decision tonight (2 a.m. Beijing time on Thursday), followed by Federal Reserve Chairman Powell's press conference on monetary policy (2:30 a.m.). The market is no longer focused on a single rate cut itself, and the policy suspense has shifted to "rate cut frequency and pace".
According to CME's "FedWatch Tool", ahead of tonight's rate decision, the probability of a 25 basis point rate cut by the Fed in October is currently 99.4%, while the probability of unchanged rates is 0.6%.
The probability of a cumulative 50 basis point rate cut by the Fed by December is currently 91.3%, the probability of a cumulative 25 basis point rate cut is 8.6%, and the probability of unchanged rates is 0.1%. The next two FOMC meeting dates are October 29 and December 10.
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