美联储降息25个基点 宣布12月1日结束缩表

Core Points - The Federal Reserve announced a 25 basis point cut in the federal funds rate target range to 3.75% to 4.00%, marking the second rate cut in 2025 and the second consecutive cut since September this year [1][2] - The decision reflects a cautious approach after eight months of maintaining rates to assess the impact of tariffs and policy adjustments on the economy [1] - The Fed's statement highlighted that economic activity is expanding at a moderate pace, with employment growth slowing and a slight increase in the unemployment rate, although it remains low [1][2] Economic Outlook - The Federal Open Market Committee (FOMC) noted high uncertainty in the economic outlook and acknowledged rising downside risks to employment in recent months [2] - The FOMC reiterated its commitment to achieving maximum employment and returning inflation to the 2% target, leading to the decision to lower the federal funds rate [2] Future Policy Considerations - The FOMC will carefully evaluate the latest data, changes in economic outlook, and risk balance when considering further adjustments to the target range [3] - The committee plans to end the reduction of its overall securities holdings on December 1, with reinvestment of mortgage-backed securities' principal into short-term Treasury bonds [3] - The FOMC's assessments will consider a wide range of information, including labor market conditions, inflation pressures, and developments in financial and international situations [3]