According to the CICC research report, the Federal Reserve raised interest rates by 25 basis points in September, and the overall tone was more hawkish than market expectations. The decision was passed by a full vote of 12 to 0. The bitmap suggests that interest rates may be raised again within the year. Officials raised their forecasts for growth and lowered the unemployment rate, and believed that it would take longer for inflation to fall back. At the press conference, Walsh listed inflation as the main contradiction, releasing a clear anti-inflationary signal. Looking ahead, the possibility that the Federal Reserve will raise interest rates further is not ruled out, but whether and when to raise interest rates in the end still depends on economic data. In terms of market reaction, the two-year yield increased, the 30-year period leveled off, the curve flattened, the dollar rose, and gold fell. This shows that the market's confidence in the Federal Reserve's containment of inflation has increased. The risk premium previously formed due to policy uncertainty is expected to fall, which is beneficial to market stability.

According to the CICC research report, the Federal Reserve raised interest rates by 25 basis points in September, and the overall tone was more hawkish than market expectations. The decision was passed by a full vote of 12 to 0. The bitmap suggests that interest rates may be raised again within the year. Officials raised their forecasts for growth and lowered the unemployment rate, and believed that it would take longer for inflation to fall back. At the press conference, Walsh listed inflation as the main contradiction, releasing a clear anti-inflationary signal. Looking ahead, the possibility that the Federal Reserve will raise interest rates further is not ruled out, but whether and when to raise interest rates in the end still depends on economic data. In terms of market reaction, the two-year yield increased, the 30-year period leveled off, the curve flattened, the dollar rose, and gold fell. This shows that the market's confidence in the Federal Reserve's containment of inflation has increased. The risk premium previously formed due to policy uncertainty is expected to fall, which is beneficial to market stability.