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On September 18th, in the "Fed's Whisperer" Nick Timiraos said that the Fed's projections show that future decisions may be more controversial. Among the 19 participants, 7 do not expect further rate cuts this year, and 2 expect only one more cut. These data suggest that, in the expectation of strong economic activity, most officials do not anticipate more rate cuts next year. (FXStreet)

September 18: Simon Dangoor, who is the Head of Fixed Income Macro Strategy at Goldman Sachs Asset Management, stated that the majority of FOMC members currently anticipate two additional interest rate cuts this year. This indicates that doves currently hold the dominant position within the committee. We think that for the Fed to deviate from its current dovish policy track, either inflation or the labor market must experience an unexpected and significant increase. (FX678)

On September 18th, the latest economic projections of the Federal Reserve indicate that policymakers anticipate that the median inflation rate will remain at 3% by the end of this year, which is significantly higher than the central bank's 2% target and in line with the previous forecast in June. The forecast for the unemployment rate also remains unchanged at 4.5%, while the economic growth forecast has been revised upward from 1.4% to 1.6%. (FXStreet)

On September 18th, according to HTX market data, Bitcoin briefly fell below $115,000 and is currently trading at $115,392.

September 18th: According to the Federal Reserve's dot plot, among 19 officials, 1 official thinks that there will be no rate cuts in 2025 (compared to 7 officials in June). 6 officials believe that there should be a cumulative 25-basis-point rate cut in 2025, which means a single rate cut (compared to 2 officials in June). 2 officials think that there should be a cumulative 50-basis-point rate cut in 2025, indicating two rate cuts (compared to 8 officials in June). 9 officials believe that there should be a cumulative 75-basis-point rate cut in 2025, signifying three rate cuts (compared to 2 officials in June). 1 official (most likely Milan) believes that there should be a significant 150-basis-point rate cut in 2025, suggesting that there may be at least two more significant rate cuts within the year. (Jinshi)

September 18th. Based on the Fed's dot plot, among 19 officials, only 1 official holds the view that there should be no rate cut in 2025. JPMorgan analyst Michelle considers it astonishing that there is only one dissenting opinion, resulting in a "united" Fed on this occasion. Currently, there is relatively little worry about inflation, and fiscal and monetary policies will continue to be accommodative. (FXStreet)