Group 1 - The Federal Reserve has lowered the federal funds rate target range by 25 basis points to between 3.75% and 4%, marking the fifth rate cut since September 2024 [1][2] - The decision to cut rates is supported by recent data showing lower-than-expected inflation and a significant slowdown in employment growth, with ADP reporting a decrease of 32,000 jobs in September [2] - The Fed will end its balance sheet reduction starting December 1, 2023, as the asset size has shrunk from a peak of $9 trillion to $6.6 trillion, indicating that the goal of balance sheet reduction has been largely achieved [2] Group 2 - Fed Chairman Jerome Powell stated that future monetary policy will depend on evolving economic data and risk balance, with significant disagreement within the committee regarding further rate cuts in December [3] - Analysts expect another rate cut in December, but the outcome is uncertain, with potential for two more cuts in 2026 depending on economic and employment data trends [3] - Economic forecasts suggest a total of 75 basis points in rate cuts for 2025, with an additional 50 to 75 basis points in 2026, aiming for a more neutral federal funds rate [3]
美联储再降息25个基点 12月还会降息吗？
Zhong Guo Jing Ying Bao·2025-10-30 13:05