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2025-09-17 19:01:33
[Federal Reserve Decision Preview: Expectations of a Rate Cut Rise, Market Focus on Economic Forecasts] ⑴ The market generally expects the Federal Reserve to announce a 25 basis point rate cut at the Federal Open Market Committee (FOMC) meeting that concludes on Wednesday (September 17). The policy statement and summary of economic projections will be released at 2:00 PM Beijing Time, with Fed Chairman Powell's press conference beginning at 2:30 PM. ⑵ Since June, a negative reassessment of labor market conditions and pressure from the President to cut interest rates may have led some participants to favor faster and larger rate cuts in their economic forecasts. This means that, in addition to the policy statement, the updated economic and interest rate projections (dot plot) will be the focus of market attention. ⑶ Earlier that day, US residential construction data for August will be released. Building permits are expected to rise slightly from 1.362 million to 1.370 million annualized, while housing starts are likely to slow from 1.428 million to 1.365 million units. Although mortgage rates have fallen, they remain high for many builders facing weak demand and increased competition for existing homes. ⑷ In addition, the U.S. Treasury will auction 17-week Treasury bills for $65 billion at 11:30 Beijing time.
