The Federal Reserve's interest rate announcement on Thursday has several highlights:

1. Interest rate cut, the current probability of a cut is 86.2%, which has basically become a certainty, so if a rate cut occurs as expected, the impact will be minimal.

2. Dot plot, mainly to see how many times interest rates will be cut in 2026, the market expects 2 cuts. More than 2 cuts would be considered bullish, while fewer than 2 cuts would be considered bearish.

3. Balance sheet expansion, having stopped the reduction of the balance sheet, we need to see whether the Federal Reserve will start expanding the balance sheet to increase market liquidity. Expansion of the balance sheet is bullish.