The Federal Reserve issued a statement at the October FOMC meeting at 2 a.m. on October 29, Beijing time, announcing that interest rates will remain unchanged. In response, Dongfang Jincheng said that the hawkish stance of the Federal Reserve's October meeting did not subside. The two voting committee members advocated continuing to raise interest rates. Among them, Governor Cook, who was previously regarded as a centrist, voted against it for the first time, indicating that the Fed's internal tolerance for the risk of inflation has declined further; however, most members chose to observe the effects of the policy after raising interest rates in September, and as a result, monetary policy entered a stage of careful observation and camera selection. Starting in 2027, the Federal Reserve will reduce the number of official interest rate decisions, mainly to promote the restructuring of the balance sheet system and free up strategic space. The impact on the interest rate decision itself is limited, but it will increase the fluctuation and game space in market pricing. Looking ahead, high international oil prices are compounded by the stickiness of core inflation. There is a high probability that the December meeting of the Federal Reserve will raise interest rates by another 25 basis points and raise interest rates to the 4.00% to 4.25% range. There is still a possibility that interest rates will continue to rise in 2027.

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