Sweden's central bank has cut interest rates to a three-year low of 1.75%, signaling it will hold rates steady until 2028 as the economy remains sluggish, despite a total of 2.25% cuts since last year.

Analysts say the Fed's interest rate cut will put pressure on Asian currencies, particularly the South Korean won, the Indonesian rupiah, and the Philippine peso. They also expect the US dollar to rise to 147 yen.

Powell has decided to cut interest rates to 4.00-4.25% and signaled two more cuts within the year. Powell indicated that the labor market is beginning to slow and warned that inflationary pressures from commodity prices could continue to accumulate until 2.

The fate of the Fed will be decided by how much interest rate cut it will be tonight. Asia Plus Securities reveals that the market expects a nearly 100% cut to 4.25%. Thai stocks will also receive support from government policy.

Economists expect the Fed to cut interest rates two to three times by the end of 2, with nearly 3% expecting the Fed to adjust its rhetoric to emphasize labor market risks, while Trump is pressing the Fed for a cut of up to 2568% amid concerns about the stability and independence of the central bank.

BofA says investors are confident the Fed will cut interest rates amid signs of economic recovery, with some anticipating a sharp 0.50% cut, while bond spreads hit a 30-year low.