FOMC divided on path for rate cuts

分组1 - The Federal Reserve cut interest rates by a quarter point to a new range of 3.75% to 4% as expected, but Chair Jerome Powell indicated a neutral stance on future cuts, disappointing market expectations for a December rate cut [4][5][14] - The market's expectation for a December rate cut decreased from 84% to around 67% following Powell's comments, while the probability for a January cut increased from 42% to 80% [5][14] - Economic indicators show reasonably strong growth, a booming stock market, and stable job market conditions, leading the Fed to consider a cautious approach to further rate cuts [6][9][15] 分组2 - Retailers in the U.S. are ordering less product upfront due to uncertainty surrounding tariffs, indicating a cautious approach in the retail sector [2] - Companies like MGM and eBay reported mixed earnings results, with MGM missing estimates and eBay cutting Q4 earnings forecasts despite beating EPS and revenue expectations [2] - Nvidia achieved a historic milestone by becoming the first company to reach a $5 trillion valuation, reflecting strong performance in the tech sector [1]