Group 1 - The Federal Reserve has lowered the federal funds target rate range to 3.75%-4% for the second consecutive time, but there is significant uncertainty regarding a potential rate cut in December, as indicated by Chairman Powell's remarks [1] - The decision to cut rates was made with a 10-2 vote, with two officials dissenting; one advocating for a larger cut of 50 basis points and the other opposing any cut [1] - The Fed's statement did not provide forward guidance for December's policy path, and Powell noted strong divisions among policymakers regarding further rate cuts [1][2] Group 2 - The rate cut occurred amid a lack of official economic data due to a government shutdown, with key indicators like non-farm payrolls and retail sales not being updated [2] - The Fed's description of the economy was adjusted, indicating moderate expansion, a cooling labor market, and rising inflation, with the CPI at 3% [2] - The Fed announced the end of its balance sheet reduction (QT), which had decreased its assets from nearly $9 trillion to about $6.6 trillion, citing concerns over financial conditions tightening [2] Group 3 - Historically, the Fed rarely eases monetary policy during economic expansions and stock market highs, but current market conditions driven by AI technology and strong earnings may lead to continued stock market gains despite potential inflationary pressures [3]
美联储再度下调利率25基点 鲍威尔称12月降息绝非板上钉钉
智通财经网·2025-10-29 22:19