[Fed Decision Preview: Market Focus on Powell's Press Conference] BlockBeats news, October 29, the market widely expects the Federal Reserve to cut interest rates by 25 basis points, adjusting the policy rate to 3.75-4.00%. At the same time, it is anticipated that the central bank will announce the end of quantitative tightening (QT). This meeting will not release the quarterly economic outlook report, so the focus will primarily be on Powell's press conference. Fed Chair Powell is expected to once again characterize the rate cut as a risk management measure and, in the absence of key economic data, avoid revealing too much information to maintain market expectations stability. Currently, the market expects the Fed's October rate cut to be a certainty, with the probability of a December rate cut also nearing 100%. By 2026, cumulative rate cuts are projected to reach 117 basis points, exceeding the Fed's forecast of 75 basis points (Jin10).