The Federal Reserve will announce its interest rate decision at 3 AM on Thursday, and the market expects a 25 basis point rate cut

ChainCatche news, according to Jinshi Data, the Federal Reserve will announce its interest rate decision at 03:00 on Thursday. The market expects a rate cut of 25 basis points to 3.50%-3.75%. There are rare disagreements within the FOMC, with some voting members possibly opposing further rate cuts. Due to the government shutdown, key data for October is missing, and changes in the SEP and dot plot are expected to be limited. In terms of liquidity, the market is focused on whether a "Reserve Management Purchase Program" (RMP) will be introduced after the end of balance sheet reduction. Bank of America predicts that it may purchase about $45 billion in short-term U.S. Treasuries each month starting in January; if MBS reinvestments are included, the scale could reach about $60 billion. If RMP is announced, the focus of the meeting may shift to the balance sheet rather than the interest rate path.