TechFlow reported that the minutes of the Federal Reserve's September meeting will be released at 2:00 a.m. this Thursday. SEB said, "In addition to the interest rate cut at the September meeting, we also obtained new economic forecasts, pointing out that the US economy will have a soft landing in 2026, with economic growth of around 2% and inflation close to the target level."

Rate forecasts indicate two 25 basis point cuts before the end of this year and a 100 basis point cut in 2025. In the minutes, it will be interesting to see the discussion on the pace of future rate cuts and factors that could trigger faster rate cuts.

Now that the rate-cutting cycle has begun, it will become more interesting to see how the discussion about long-term interest rates plays out and when and at what level they are expected to bottom.