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 the FOMC may want to avoid sending the wrong signal to the market by cutting interest rates sharply, in part because it could cause panic. Analysts added that market participants are expected to pay attention to Fed Chairman Powell's press conference to understand the nuances of forward guidance on future rate cuts. (Jinshi)
