'Fast Money' traders talk Fed's decision to cut interest rates 25bps

分组1 - The Federal Reserve has cut interest rates by 25 basis points to a new range of 3.5% to 3.75%, indicating a potential pause in further cuts for the time being [1][3] - The Fed's balance sheet policy is more aggressive than anticipated, with plans to begin buying securities on December 12, totaling $40 billion for several months, focusing on bills and potentially up to three-year maturities [5][11] - The Fed's decision reflects a response to liquidity tightness in the financial system, particularly in the repo market, suggesting that reserves had been reduced too much relative to market needs [12][13] 分组2 - The voting results showed a split among Fed officials, with nine in favor of the rate cut, two against, and one supporting a larger cut of 50 basis points, marking the first instance of three dissents since 2019 [4] - Fed Chair Jay Powell emphasized that the current measures should not be classified as quantitative easing, but rather as maintaining liquidity and managing reserves [6][9] - Market reactions indicate a 24% probability of another rate cut in January, increasing to 44% in March, suggesting growing confidence in future cuts as the year progresses [3]