PANews reported on September 18 that the Federal Reserve will announce its interest rate decision at 2:00 a.m. Beijing time on Thursday. The market generally expects that the first rate cut in four years will be implemented, but it is still unclear whether the rate cut will be 25bp or 50bp. The latest "dot plot" and economic forecast will also be announced at that time.
According to CME's FedWatch tool: There is currently a 61% chance that the Fed will cut interest rates by 50 basis points, while there is a 39% chance that the Fed will choose a smaller rate cut of 25 basis points.
