On October 27, Huatai Securities reported that the Federal Reserve will announce its decision from the October meeting in the early hours of October 30 (Thursday) Beijing time. Given the recent slowdown in the U.S. job market and the moderate impact of tariffs on inflation, it is expected that the Fed will most likely cut rates by 25 basis points. Additionally, recent indicators of volume and price suggest that the Fed has reached a threshold for stopping balance sheet reduction. There is also a possibility that Chairman Powell might announce the cessation of balance sheet reduction during the October FOMC, following adequate communication with the market.