[The Federal Reserve FOMC to Announce Latest Interest Rate Decision at 2:00 AM Tomorrow, Expected to Raise Rates by 25 Basis Points] At 2:00 AM Beijing time this Thursday, the Federal Reserve FOMC will announce its interest rate decision and Summary of Economic Projections. Half an hour later, Federal Reserve Chairman Kevin Warsh will hold a monetary policy press conference. Currently, federal funds futures are pricing in a 92.5% probability of a 25 basis point rate hike. The article states that the market's focus has shifted from 'whether to raise rates' to 'how many more hikes will follow.' The new dot plot will determine whether this move is a one-time adjustment or the start of a new rate hike cycle. If there are only one or two small rate hikes, U.S. stocks and Treasury bonds are believed to have the capacity to absorb the impact; however, if signals of consecutive rate hikes are released, the 10-year Treasury yield may stabilize significantly above 5%, and U.S. stocks and dollar-denominated asset prices will face greater volatility pressures. Warsh will also need to balance policy communication between Trump's demand for low interest rates and the elevated long-term Treasury yields.