Institution: The Federal Reserve may want to avoid sending the wrong signal by making significant rate cuts

ChainCatcher News, the Federal Open Market Committee (FOMC) will announce its interest rate decision later today. Analysts at Malayan Banking Berhad stated in a foreign exchange research and strategy report that the market's expectation for a 50 basis point rate cut by the Federal Reserve has stabilized in the range of 60%-70%.

However, analysts noted that the FOMC may want to avoid sending the wrong signals to the market through a significant rate cut, partly because it could trigger panic. Analysts added that market participants are expected to focus on Federal Reserve Chairman Powell's press conference for nuances in forward guidance regarding future rate cuts. (Jin Shi)