Point of view: This Fed meeting may have three voting members wishing to keep the Intrerest Rate unchanged.

On September 18, according to IFR, a Reuters subsidiary, the key headline market participants might see from this Fed decision, aside from a 25 basis point rate cut, is that three or more officials held dissenting opinions. Undoubtedly, Waller, Bowman, and Milan will be among them, as they advocate for a larger rate cut, while the dissenting voices may include Goolsbee, Schmidt, or Moussailem, who wish to keep interest rates unchanged. Traders are truly focused on the FOMC dot plot, which predicts whether there will be only one more rate cut in 2025 or possibly two more. Trump's strategy to remove Fed Governor Cook is likely aimed at ensuring that after today's rate cut, there will be two more rate cuts in 2025. ( Jin10 )