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Before the interest rate decision was announced, the market believed that the probability that the Fed would announce a 25 basis point rate cut was 98.8%.

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According to the "Fed Watch" data from CME the current market believes that there is a 98.8% probability that the Fed will announce a 25 basis point rate cut tonight (at 3:00 am on the 19th), and the probability of maintaining the interest rate at 4.5%-4.75% is only 1.2%. The Fed will announce the interest rate decision and economic outlook summary at 3:00 am, followed by Fed Chairman Powell's monetary policy press conference at 3:30 am. BlockBeats reminds users to pay attention to market fluctuations.

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