Core Viewpoint - The Federal Reserve has cut interest rates by 25 basis points and will end quantitative tightening (QT) on December 1st, which is seen as a preventative measure rather than a stimulus in a fragile economic environment characterized by moderate growth and slowing employment [1] Group 1: Economic Environment - The current economic environment is described as fragile, with moderate growth and slowing employment, indicating potential downside risks [1] Group 2: Federal Reserve Actions - The Federal Reserve's decision to cut rates by 25 basis points is aimed at preventing overnight rates from breaching the "technical corridor" [1] - The end of quantitative tightening (QT) on December 1st is part of the Fed's strategy to stabilize the financial system [1]