Huatai Securities: Under the baseline scenario, the Federal Reserve will raise interest rates once more in December this year and twice next year.

Huatai Securities research report states that in the early hours of October 29 (Thursday) Beijing time, the Federal Reserve will announce the decision of its October policy meeting. Recent economic data have been mixed, but most Fed members have indicated they are not inclined to raise rates consecutively, and financial conditions have also tightened somewhat. It is expected that the October meeting will keep interest rates unchanged, with perhaps 2 hawkish voting members dissenting. It is expected that Warsh will still not provide clear guidance, but may overall maintain a tightening bias, to avoid causing financial conditions to become overly loose again and repeating the "mistake" of the July meeting.