ChainCatcher news, the US Federal Open Market Committee (FOMC) will announce the interest rate decision later today. Maybank analysts said in a foreign exchange research and strategy report that the market's expectations for the Fed to cut interest rates by 50 basis points have stabilized in the 60%-70% range.

However, analysts said that the FOMC may want to avoid sending the wrong signal to the market through a large interest rate cut, in part because it may cause panic. Analysts added that market participants are expected to pay attention to the press conference of Fed Chairman Powell to understand the nuances of the forward guidance of future interest rate cuts. (Jinshi)