The Federal Reserve held a monetary policy meeting from September 17 to 18 local time, and is expected to announce the latest interest rate decision on the 18th local time.

U.S. Federal Reserve Chairman Powell said in August that the "time has come" to adjust monetary policy. It almost clearly indicated to the market that the Federal Reserve will cut interest rates at the monetary policy meeting held on September 17 and 18.

According to foreign media reports, the current market focus is whether the Federal Reserve will cut interest rates by 25 basis points or 50 basis points at the September interest rate meeting.

The Federal Reserve has raised interest rates 11 times in a row from March 2022 to July 2023, with a cumulative increase of 525 basis points. Over the past year, the Federal Reserve has maintained the target range of the federal funds rate between 5.25% and 5.5%, the highest level in 23 years.