The Federal Reserve will announce its interest rate decision, and observers will carefully examine the forecast numbers in the dot plot, paying attention to whether Powell is involved.

On Thursday morning Beijing time, the Federal Reserve will announce its interest rate decision. It is expected that Federal Reserve officials will keep the interest rate unchanged. It is also expected that policymakers will release the latest quarterly economic forecasts and updated "dot plot" after the end of this week's meeting. The dot plot reflects policymakers' expectations for interest rate trends. Media surveys of economists show that officials are expected to predict a significant rise in inflation and delay the rate cut expectation until 2027. Policymakers had previously predicted one rate cut each in 2026 and 2027. Given that Powell has openly criticized forward guidance, the practice of sending signals to investors about the policy direction, Fed watchers will carefully examine the number of forecasts in the dot plot to see if Powell is involved.