Is the Federal Reserve pulling the trigger on interest rate hikes at 2 AM tonight?

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