**[Bank of America, Goldman Sachs, and JPMorgan's Outlook on the Federal Reserve Meeting]** BlockBeats News, October 30: Bank of America, Goldman Sachs, and JPMorgan shared their forward-looking views on Jerome Powell and the Federal Reserve meeting. **Bank of America's View on Powell and the Federal Reserve Meeting:** Due to limited official data and mismatched labor market and consumer data, Powell is unlikely to provide further economic guidance after this meeting. The statement may indicate a "solid" rebound in economic activity. Possible dissenting opinions: Milan (suggesting a 50 basis point rate cut) or hawkish objections from Goolsbee/Schmid. Quantitative tightening will end immediately. Powell's press conference may focus on the disparity between consumer and labor market data, and market reactions will depend on his interpretation of strong consumer performance. Expected future rate cut timeline: October, June, September, and December 2026. **Goldman Sachs' Comments on the Federal Open Market Committee:** The market's focus may be on the Federal Open Market Committee's (FOMC) assessment of how close its policy is to a neutral level, with quantitative tightening (QT) being a critical factor. It is highly likely that QT will end at this meeting. Future rate cut plan: 25 basis points each in October and December, with two more cuts in 2026, targeting a rate range of 3% to 3.25%. **JPMorgan on the Federal Open Market Committee:** The market broadly expects rate cuts, and even hawkish Federal Reserve officials have not challenged market expectations. The statement is expected to remain largely unchanged—economic activity remains solid, but job growth is slowing, and inflation remains high. Milan may oppose a 50 basis point rate cut; quantitative tightening will end immediately. Powell will frame easing policies as risk management and will not provide guidance on policy direction for December. Future rate cut plan: 25 basis points each in October, December, and January.