Federal Reserve's Interest Rate Decision Anticipated Amid Economic Uncertainty

According to PANews, the Federal Reserve's interest rate decision is set to be announced in Washington at 3:00 AM UTC+8 on Thursday. Federal Reserve Chair Jerome Powell will hold a press conference 30 minutes later. Since September of last year, the Federal Reserve has reduced interest rates in three consecutive meetings, lowering the benchmark rate by a full percentage point to a current target range of 4.25% to 4.5%. Several policymakers have indicated that they expect the rate cuts to be less significant this year, following data showing a robust U.S. economy and inflation that is more persistent than anticipated. Despite this, officials are unlikely to commit to a specific rate path due to surprising data releases and uncertainties surrounding how the U.S. economy will respond to U.S. President Donald Trump's bold new policies on trade, taxation, immigration, and regulation.