Fed Chairman Powell: The FOMC will always take action as it deems appropriate.

GBP/USD fell below 1.21 again, down 0.35% on the day.

Fed Chairman Powell: We have not made any decisions about future meetings.

Fed Chairman Powell: Policy expectations do not appear to be driving U.S. bond yields.

Fed Chairman Powell: Inflation remains well above target.

Fed Chairman Powell: Nominal wage growth is showing some signs of slowing.

Federal Reserve Chairman Powell: Employment growth is strong, but slower than at the beginning of the year.

The Fed mutual selection contract shows that the Fed will cut interest rates by a total of 50 basis points by September next year, compared with the previous expectation of 48 basis points.

Fitch: The preliminary estimate of economic and insured losses caused by Hurricane Otis in Mexico is USD 16 billion.

WTI crude oil fell by US$1.1 after the announcement of the Federal Reserve interest rate decision, now trading at US$80.21 per barrel, down more than 1% on the day.

U.S. Senator Hoeven: Speaker Johnson will seek to pass temporary funding measures to allow the U.S. government to continue operating until January 2024.

International Monetary Fund: Mexico’s economy is expected to grow by 2.1% in 2024.

International Monetary Fund: Mexico’s economy is expected to grow by 3.2% in 2023.

Lindsay Rosner, head of cross-asset investments at Goldman Sachs Asset Management: The FOMC statement updated the first paragraph slightly to reflect recent changes in data, but explicitly mentioned the tightening of financial conditions. This is something important to note.

Before the FOMC decision, spot gold and the U.S. index fluctuated little, trading at $1,978 per ounce and 107.00 points respectively.

It is reported that the Federal Deposit Insurance Corporation has suspended the sale of First Republic Bank.

[Before the announcement of the Federal Reserve’s interest rate decision, the probability of keeping interest rates unchanged in November was 99.2%] According to CME “Fed Watch”: The probability of the Federal Reserve keeping interest rates unchanged in the range of 5.25%-5.50% in November was 99.2%, with 25 rate hikes. The probability of the base point reaching the 5.50%-5.75% range is 0.8%. The probability of keeping interest rates unchanged by December is 74.6%, the probability of a cumulative 25 basis point interest rate hike is 25.2%, and the cumulative probability of a 50 basis point interest rate hike is 0.2%.