[Federal Reserve October Rate Cut Expectation Reaches 98%, Market Focuses on December Policy Direction] The Federal Reserve will hold its monetary policy meeting on October 28-29, and market expectations for a rate cut announcement during this meeting are nearly certain. According to Polymarket data, the probability of the Federal Reserve cutting rates by 25 basis points in October has reached 98%. Meanwhile, traders have started to focus on the direction of monetary policy in December, with Polymarket showing the probability of a 25 basis point rate cut by the Federal Reserve in December climbing to 90%.