观天下丨日本一客机单发失效紧急降落；世卫组织报告称全球流感活动增加

Core Viewpoint - The Federal Reserve has lowered the federal funds rate by 25 basis points to a target range of 3.5% to 3.75%, marking the third consecutive rate cut since September 2023, amid a cooling labor market and declining inflation [3][4][5]. Summary by Sections Federal Reserve's Decision - The Federal Reserve's decision to cut rates aligns with market expectations, reflecting internal divisions within the Federal Open Market Committee, where 9 out of 12 members supported the cut, while 3 opposed it [6]. - Powell emphasized the need to balance maximum employment and price stability, noting that the current federal funds rate is within a neutral range, allowing for a wait-and-see approach [3][6]. Economic Indicators - Recent data shows that the number of job openings in the U.S. was 7.67 million in October, slightly up from 7.615 million a year earlier, while layoffs reached 1.854 million, the highest since January 2023 [5]. - The personal consumption expenditure price index rose by 2.8% year-on-year in September, up from 2.7% in August, indicating persistent inflationary pressures [5]. Market Expectations and Future Outlook - The market widely anticipated the Fed's rate cut, but Powell faces ongoing challenges in balancing inflation control and employment stability, with expectations of a potential rate cut in 2024 [6]. - President Trump criticized the Fed for not cutting rates more aggressively, indicating ongoing political pressure on Powell and the Fed's decision-making process [4][6].