[Federal Reserve Governors Milan and Schmidt Disagree on Interest Rate Decision] On October 30, the Federal Reserve FOMC statement revealed that Federal Reserve Governor Milan opposed the current interest rate decision, advocating for a 50 basis point rate cut; whereas Federal Reserve Governor Schmidt opposed the rate cut and supported maintaining the current interest rate. Inflation has risen this year and remains at a high level, while economic data indicates moderate expansion. The Federal Reserve plans to conclude its balance sheet reduction on December 1 and reinvest the principal from maturing mortgage-backed securities into short-term Treasury bonds.

[10-Year U.S. Treasury Yield Rises After Fed Rate Decision Announcement] Following the Federal Reserve's rate decision announcement, U.S. Treasury yields continued to rise, with the 10-year Treasury yield increasing by 3.9 basis points to reach 4.022%.

[The Federal Reserve lowers the discount rate to 4%] The Federal Reserve Federal Open Market Committee (FOMC) issued a statement announcing that the discount rate will be lowered from 4.25% to 4%. This adjustment reflects the Federal Reserve's monetary policy stance in the current economic environment, aiming to address changes in market demand and promote economic stability.

Headed lower on Wednesday ahead of the news, bitcoin remained so in the minutes following the news at $111,700, down 3% over the past 24 hours.

[Federal Reserve Announces Adjustment to Asset Allocation Strategy After Ending Balance Sheet Reduction on December 1] The Federal Open Market Committee (FOMC) of the Federal Reserve stated in its announcement that the plan to reduce the balance sheet will officially end on December 1, 2025. At that time, the principal payments from maturing mortgage-backed securities (MBS) will be reinvested in short-term U.S. Treasury securities. Additionally, starting on the same date, all principal payments from maturing U.S. Treasury securities will be rolled over. This adjustment aims to optimize the structure of the balance sheet and further support the achievement of monetary policy objectives.