Fed to Pull the Trigger on Rate Hike at 2 AM Tonight?

At 2 AM Beijing time Thursday, the Federal Reserve will announce its interest rate decision, with market pricing showing over a 90% probability of a 25 basis point hike this time. Oil prices have risen above $100, and the 10-year U.S. Treasury yield has broken through the key psychological threshold of 5%. The focus of this meeting is on whether the dot plot will be more hawkish and the description of the subsequent path.