As the Federal Reserve's interest rate meeting approaches, the market expects a high possibility of another rate cut.

Xinhua News Agency, New York, December 8th - The U.S. Federal Reserve is scheduled to hold a monetary policy meeting on the 9th and 10th and announce its interest rate decision. The market generally believes that it is highly likely that the Fed will cut interest rates again. Market participants said that the recent employment market data in the United States has been weak, and the Fed is likely to cut interest rates by 25 basis points this month. The current trend of the international financial market already reflects the market's expectation of a Fed interest rate cut. On October 29th, the Fed announced that it would lower the target range of the federal funds rate by 25 basis points to between 3.75% and 4.00%. This is the second interest rate cut by the Fed after a 25-basis-point cut on September 17th, and it is also the fifth interest rate cut since September 2024. The minutes of the October monetary policy meeting, which were recently released, showed that at the meeting, the Federal Open Market Committee voted 10 in favor and 2 against to pass a resolution to cut interest rates by 25 basis points. Among the opponents, one member voted to support a 50-basis-point interest rate cut, and the other member voted to keep the interest rate unchanged.