The Federal Reserve announced its interest rate decision at 3:00 am Beijing time this Thursday, and Powell will hold a press conference 30 minutes after the announcement

According to Jin Shi, the Federal Reserve's interest rate decision will be announced in Washington at 3:00 am Beijing time on Thursday, and Federal Reserve Chairman Powell will hold a post meeting press conference 30 minutes later. Since September last year, the Federal Reserve has cut interest rates for three consecutive meetings, lowering the benchmark rate by a full percentage point, with a current target range of 4.25% to 4.5%. Several policy makers have stated that they expect the magnitude of interest rate cuts this year to decrease after data shows that the US economy is stable and inflation is more sticky than expected. However, given a series of surprising data and uncertainty surrounding how the US economy will respond to Trump's bold new policies on trade, taxation, immigration, and regulation, officials are unlikely to commit to any specific interest rate path.