The Federal Reserve's interest rate meeting is imminent, and the market generally expects another 25 basis point rate cut

Odaily Odaily News: At 3 a.m. Beijing time on Thursday, the Federal Reserve will announce its last interest rate decision of the year. According to futures contracts, the market generally expects the Federal Reserve to cut its benchmark interest rate by another 25 basis points this week. This move will bring the federal funds rate to a target range of 4.25% to 4.5%, a full percentage point lower than when the rate cuts began in September. Vincent Reinhart, chief economist at BNY Mellon and former director of the Federal Reserve's Monetary Affairs Department, believes that "it is clear that the Federal Reserve is in trouble. For officials, unless they are very sure what changes will happen in the political economy, they can't really change their forecasts to cope with these changes. At the press conference, people were most concerned about the idea of ​​skipping a rate cut. So I think this will be a hawkish rate cut in this regard. (Only) as (Trump's) policies are actually in place, the Federal Reserve may further update its forecasts." (Jinshi)