Odaily News: The Federal Reserve hiked rates in September as expected, after the central bank had kept rates unchanged at its July meeting. Fed Chair Warsh said three things changed between the two meetings. He said data released in recent weeks showed the U.S. economy performing strongly, especially the labor market. At the same time, inflation remained elevated throughout the summer, clearly above the Fed's 2% year-over-year inflation target. Finally, he said geopolitical factors also prompted the Fed to change its assessment of the economic outlook, though he did not directly mention the U.S.-Iran war in the Middle East. Warsh said: "All three of these things contributed to the firm and unanimous decision we made today." (Jinshi)

Odaily News: Federal Reserve Chairman Warsh stated that the Federal Reserve is closely monitoring developments in the field of artificial intelligence and its impact on demand and supply, but decisions regarding AI safety risks and benefits should be made by other policymakers.

Warsh also stated that the Federal Reserve does not need to achieve its policy objectives at the expense of the labor market, and that its current and future focus is on ensuring price stability in order to support sustainable economic growth.

Odaily News: Federal Reserve Chairman Warsh stated that the recent rise in bond yields is mainly due to three factors: first, strong economic performance; second, intensified capital competition, with a real surge in capital expenditure; third, geopolitical factors.

Odaily News: Federal Reserve Chair Warsh stated that the U.S. economy has indeed strengthened, but inflation remains the primary issue currently faced.

Odaily: When asked whether there would be further rate hikes going forward, Warsh said he "does not provide forward guidance." In addition, Warsh declined to answer a question about what message he wanted to convey to U.S. President Trump.

According to Gate data, Germany's DAX 40 (GER40) has risen above 25,600 points, now at 25,602.71, up 0.6% in 24 hours.

Odaily reports, according to CME's "FedWatch": After the Fed raised rates as expected in September, the probability that the Fed will keep rates unchanged at 3.75%-4.00% at its October meeting is 59.5%, the probability of a 25 basis point rate hike is 40.1%, and the probability of a 50 basis point rate hike is 0.5%. The probability that the Fed will keep rates unchanged at 3.75%-4.00% by December is 16.7%, the probability of a cumulative 25 basis point rate hike is 54.0%, the probability of a cumulative 50 basis point rate hike is 28.9%, and the probability of a cumulative 75 basis point rate hike is 0.3%. (Jinshi)

Odaily News: Federal Reserve Chair Warsh stated that the FOMC is not confident that inflation is moving toward the target level, and the current policy focus remains on the inflation side of the Fed's mandate.

Warsh said that at the July meeting, the FOMC unanimously agreed that inflation remains too high and expressed willingness to take action. In addition, Warsh did not submit a dot plot this time.

Odaily News: FOMC members broadly agree that current monetary policy conditions are not restrictive. The Fed is currently in good shape regarding its employment objective, but inflation has persistently remained above target over the past five years.

Warsh emphasized that the Fed's primary focus at present is price stability, as inflation remains too high and has persisted for too long.

According to Gate data, gold (XAUUSD) has fallen to $4,300/oz, now trading at $4,291.07/oz, down 0.3% in 24 hours.

Odaily reports that the Federal Reserve has broadly revised up its federal funds rate projections; both this year's PCE and core PCE inflation expectations have been raised, with inflation expected to return to the 2% target level by 2029; meanwhile, GDP growth expectations for this year and next have been revised up, while unemployment rate expectations have been revised down.

Odaily News: According to OKX market data, ZEC extended its rally to set another all-time high, briefly breaking above $1,385. It is now trading at $1,334, with an intraday gain exceeding 18%.

Odaily News: KPMG Chief Economist Diane Swonk stated that the Fed's move this time signals the start of a rate-hike cycle.

Swonk also noted that wage growth is currently slowing across industries, including AI.

According to Gate data, the US dollar against the Japanese yen (USDJPY) has risen above 155.5, currently at 155.514, with a 24-hour gain of 0.2%.

Odaily News: The Federal Reserve implemented its first rate hike in three years on the 17th, and its dot plot median forecast shows one rate hike this year and rates unchanged in 2027. New projections show rates will decline in 2028 and remain between 3.5% and 3.75% in 2029. Previously, in its June projections, the Fed expected a 25 basis point rate hike this year and one rate cut in 2027. The Fed also raised its longer-run federal funds rate forecast to 3.2%, compared with 3.1% in the June projection. Among the 19 policymakers, 18 submitted rate outlook projections, strongly suggesting that Fed Chair Warsh, as he did in June this year, did not provide specific projections. The Fed's projections also show that policymakers now expect inflation to be generally higher this year and in the coming years. (Jinshi)

Odaily News: The Federal Reserve's FOMC statement continues to retain the wording "inflation remains elevated" while removing the previous statement that "inflation is partly due to supply shocks."