Key Highlights of the Federal Reserve Meeting: Voting Reveals Divisions, Powell May Raise Threshold for Rate Cuts

According to Jinshi News, the key highlights of the Federal Reserve meeting show a divergence in voting. Barclays expects the policy statement to include hawkish language, suggesting a pause in rate cuts in January next year.

JPMorgan believes the statement's wording may be adjusted to "focus on the magnitude and timing of further adjustments," implying a lower likelihood of rate cuts. Powell may avoid clear hawkish guidance, emphasizing that the threshold for rate cuts in early 2026 is very high, signaling a short-term pause in rate cuts.