• January 29 at 03:00 Interest Rate Decision Announcement (Probability of maintaining **3.50%-3.75%** is extremely high)

• 03:30 Powell holds a press conference to interpret policies, respond to interest rate cut rhythm and political pressure, etc.

🔎 Key Highlights

1. Interest Rate Action: Market consensus is to hold steady, with no expectations for rate cuts/rate hikes

2. Policy Signals: Wording of the statement, inflation and employment descriptions, whether to rule out a rate cut in the first quarter

3. Powell's Speech: Timing of rate cuts, inflation confidence, independence and responses to legal pressures

4. Political Connections: Pressure from Trump and the impact of the new chair nomination, Powell's arrangements at the end of his term in May

📈 Market Impact

The decision and speech will guide global asset pricing, with a focus on the tone regarding the rhythm of interest rate cuts, affecting U.S. stocks, U.S. bonds, the U.S. dollar, and commodity trends.