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Tonight's Federal Reserve meeting preview: The "pause" in rate hikes in October is almost certain, how it will affect the probability of a rate hike in December becomes the focus

The Federal Reserve will announce its October interest rate decision at 2 AM Beijing time on the 29th. The market generally expects the federal funds rate target range to remain unchanged at 3.75%--4.00%, with a probability of maintaining the status quo at over 90%. The wording of the statement and whether Chair Waller's press conference will release more hawkish signals, as well as how this will affect the market's significantly priced probability of a 25 basis point rate hike in December, have become the focus of attention.Goldman Sachs, Citigroup, and Credit Agricole all expect a pause in October and a 25 basis point hike in December. Goldman Sachs stated that if rate hikes continue every other meeting through 2027, a hike in March may be considered, but the baseline forecast does not expect a hike in March. Citigroup mentioned that if the stock market continues to weaken, leading to a sharp tightening of financial conditions, the likelihood of a shift to rate cuts will significantly increase. Moody's believes there will not and should not be another rate hike this week. Nomura Securities expects no change in October and stated that while the Federal Reserve guides expectations for a pause, it retains flexibility for a rate hike in December.TD Securities expects no change in October and anticipates two more hikes in December and March. Huatai Securities expects no change in October, with two hawkish voters possibly casting dissenting votes, with the baseline scenario being one rate hike in December this year and two hikes next year. Morgan Stanley expects a 25 basis point hike in both December and March next year. Bank of New York Mellon expects rates to peak slightly above 4.5%. Bank of America believes there is ample reason to raise rates in October; if they remain unchanged, they will only retain one option for a future hike.

Tencent launched the Motus AI platform with over 90 game projects integrated

According to an exclusive report from "Du Jia," Tencent Games' Public Technology Line has launched the Motus AI independent platform, focusing on the full chain of 3D character animation. It has integrated over 90 internal and external projects of Tencent and has been applied in multiple games such as "Peacekeeper Elite," "PUBG MOBILE," "Delta Force," "Honor of Kings," "Rock Kingdom," "League of Legends," and "Teamfight Tactics."Motus AI has built a large model matrix that spans the entire production chain of character animation, covering aspects such as skeleton generation, skinning generation, text/video-based motion generation, keyframe interpolation, motion refinement, and real-time intelligent driving. It supports seamless integration into existing production workflows in the form of plugins. The platform includes task management, custom skill packaging, industry terminology understanding, and node-based asset pipelines, positioning itself as an animation production assistant rather than merely a text-to-motion tool. It aims to delegate repetitive tasks such as basic skeleton building, motion pre-generation, and collision checking to AI, allowing animators to focus on refining the quality of performance.Previously, the Motus AI team made its debut at the Gamescom in Cologne, Germany, in August 2026, showcasing the technical practices of end-to-end intelligent pipelines in the field of digital character creation.

The cryptocurrency industry has invested approximately $176 million to support allies in the U.S. midterm elections, laying the groundwork for the post-Trump era

The cryptocurrency industry has spent approximately $176 million in this round of the U.S. midterm election cycle, covering over 100 elections, aiming to establish a bipartisan network of congressional allies to continue advancing legislative demands after Trump's departure. As of October 20, the super political action committee Fairshake and its affiliated organizations have spent about $150.8 million, with other cryptocurrency organizations spending around $25 million, major funders including Coinbase, Ripple, and a16z.Fairshake claims that among the 58 candidates it supported in primaries or special elections this year, 53 won. The organization supported bipartisan candidates in the House elections; after Senate Democrats blocked the CLARITY Act from reaching a final vote, it decided to support only Republican candidates in the Senate elections.The industry's spending in the Ohio Senate election has exceeded $68 million, focusing on long-time critic of the cryptocurrency industry Sherrod Brown, with related advertisements mostly avoiding mentioning cryptocurrencies and instead focusing on issues like taxes. Pushing for the passage of the CLARITY Act is a core goal of the industry, but the bill has stalled in this Congress. JPMorgan analysts indicate that without the bill, rules set by regulators during Trump's term may be overturned by subsequent administrations.
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