The Federal Reserve is set to announce an important interest rate decision this week, which could be the last rate cut of the year. The Fed is expected to announce its latest interest rate policy at 2 AM Beijing time on October 30. Following that, Fed Chairman Powell will hold a press conference half an hour later to interpret this decision.

In the context of the current government shutdown and the lack of economic data, the market generally expects that the Fed may cut interest rates by 25 basis points. This decision will be made in the absence of complete economic data support, hence it is referred to in the industry as a "blind cut."

In addition to interest rate decisions, the market is also highly concerned about the future direction of the Fed's balance sheet reduction plan. Powell is facing unprecedented pressure this time, as he needs to find a balance between controlling inflation and economic growth.

Some analysts believe that this rate cut may mark a turning point in the current economic cycle. Some investors think that if the rate is indeed cut, it may signal that the market is about to hit bottom and rebound. Some investors have already started to pay attention to potential market opportunities that may arise in mid to late November, particularly in the cryptocurrency sector.

However, investors still need to be cautious, as the economic situation is complex and changeable, and a single policy change cannot fully predict market trends. In any case, this decision by the Fed will have a profound impact on the global financial markets and is worth continuous attention.