[Bank of America Previews October Fed Decision Press Conference: No Q&A Session Expected, Warsh to Try to "Play Both Sides"] BlockBeats reports on October 27th that Bank of America (BOA) predicts Chairman Warsh's October press conference will continue the brief format of September, lasting approximately 30 minutes and possibly without a Q&A session. BOA believes that if the Fed chooses to raise interest rates, Warsh will face relatively less communication pressure, only needing to emphasize that inflation remains high and widespread, financial conditions are not tight enough, and the economy and labor market remain strong. His core task is to avoid appearing overly hawkish and prevent a rate hike from causing excessive tightening of financial conditions. If the Fed holds rates steady, Warsh will need to carefully guard against market doubts about the Fed's credibility. Given the strong September inflation data, even interpreting it as focusing on trends rather than individual data points will not escape suspicion of complacency regarding inflation, as similar trends previously led to the September rate hike. If Warsh is unwilling to lock in a December rate hike by guiding the pace of quarterly rate increases, the market may repeat a scenario of a steepening yield curve distortion, a weakening dollar, and a sell-off in risk assets. Finally, Bank of America maintains its assessment that the Fed will raise rates in December 2026 and March 2027; it also emphasizes that if inflation stickiness exceeds expectations in the first half of 2027, further rate hikes cannot be ruled out.