Key Points from the Federal Reserve Interest Rate Announcement on Thursday:

1️⃣ The probability of a rate cut exceeds 86%, which is basically stable, so as expected, the impact may not be significant.

2️⃣ The dot plot indicates that there will be a few rate cuts in 2026, with the market expecting 2 times; more would be considered a positive signal, and fewer would be considered a negative signal.

3️⃣ Balance sheet expansion issue: Quantitative tightening has stopped, and now we need to see if the Federal Reserve will start expanding the balance sheet to increase liquidity, which would be a positive signal for the market.

In simple terms, that means rate cuts are stable, we need to watch the number of rate cuts in the dot plot, and balance sheet expansion is positive for the market.