The US Federal Reserve is once again at the center of global financial attention, with markets expecting a 25-basis-point interest rate cut—the third in the current cycle. While the probability of today’s rate cut is considered strong, experts suggest that the real concern lies in the Fed’s forward guidance, which may turn out to be more cautious than expected.

According to current market sentiment, the Fed may cut rates today but is unlikely to indicate any aggressive rate-cut path going forward. Persistent inflation concerns, mixed economic data, and uncertainties in global markets suggest that the Federal Reserve may adopt a guarded stance.

Analysts warn that even though today’s rate relief would boost market sentiment temporarily, the biggest test will be the Fed's policy outlook, which investors worldwide are anxiously waiting for.