What’s the highlight of tonight’s Fed rate decision? The FOMC rate decision will be announced at 2:00 AM Beijing time on September 17, followed by a press conference at 2:30 AM. The market is already heavily expecting a 25bp rate hike; This is pretty much a done deal! I think if it’s just a one-time hike without plans for consecutive hikes, it might actually be positive. But if it’s +25bp along with an upward revision of the dot plot, signaling more hikes in December or even into 2027, then it’s going to be a tough situation! The key is that old fox Warsh always uses such vague wording, It’s really hard for us to deal with!