凌晨降息“靴子”落地，特朗普：幅度太小！鲍威尔重磅发声！白银再创新高

Core Viewpoint - The Federal Reserve has announced a 25 basis point cut in the federal funds rate, marking the third rate cut of the year and the sixth since September 2024, amid concerns over economic uncertainty and rising inflation [1][3]. Group 1: Federal Reserve Actions - The Federal Reserve's target range for the federal funds rate is now set between 3.50% and 3.75% following the recent cut [1]. - The Federal Open Market Committee (FOMC) noted that economic activity is expanding at a moderate pace, with employment growth slowing and the unemployment rate slightly increasing [1][3]. - The cumulative reduction in the policy rate over the past three meetings is 0.75 percentage points [3][5]. Group 2: Economic Indicators - The current inflation rate remains high, with a median forecast for personal consumption expenditures (PCE) inflation at 2.9% for this year and 2.4% for next year [5]. - The unemployment rate has seen a slight increase, and job growth has significantly slowed, with potential downward risks to employment [6]. Group 3: Market Reactions - Following the Fed's announcement, U.S. stock indices saw collective gains, with the Dow Jones up by 1.05%, the Nasdaq by 0.33%, and the S&P 500 by 0.67% [8]. - Precious metals experienced price increases, with spot gold rising by 0.46% and silver prices reaching historical highs [9][11]. Group 4: Future Projections - The CME FedWatch Tool indicates a 22.1% probability of a 25 basis point cut by January 2026, with a 40.7% chance of a cumulative cut of 25 basis points by March 2024 [2]. - The FOMC's economic projections suggest a median federal funds rate of 3.4% by the end of 2026 and 3.1% by the end of 2027, remaining unchanged from previous forecasts [5].