美联储再降息25基点，缓解市场压力，资金流动性显著改善

Core Points - The Federal Open Market Committee (FOMC) decided to lower interest rates by 25 basis points, bringing the rate range to 3.75-4.00% [5] - There were internal disagreements among committee members regarding the extent of the rate cut, with one member advocating for a 50 basis point cut [1][7] - The FOMC emphasized the need to monitor labor market conditions, inflation expectations, and international financial situations closely [3][10] Summary by Sections Interest Rate Decision - The FOMC's decision to cut rates by 25 basis points reflects a cautious approach to monetary policy, balancing the need for economic support with concerns about inflation [5][10] - The end of balance sheet reduction on December 1 is a significant milestone, indicating a shift in monetary policy strategy [5][10] Internal Disagreements - There were two dissenting votes during the meeting, highlighting differing views on the pace of monetary easing among committee members [1][7] - Member Stephen Milan has consistently advocated for a more aggressive approach, while Jeffrey Schmieding has favored a more cautious stance [1][7] Economic Outlook - The FOMC noted that economic activity is expanding moderately, with job growth slowing and a slight increase in the unemployment rate, indicating a stable but not robust labor market [1][9] - The committee reiterated its commitment to achieving maximum employment and returning inflation to the 2% target, emphasizing the importance of upcoming economic data [9][10] Future Monitoring - The FOMC will continue to assess economic data and risks, leaving room for potential policy adjustments in response to changing conditions [10][11] - The upcoming data releases will be critical in determining the future direction of monetary policy, particularly following the rate cut and the end of balance sheet reduction [11]