The U.S. Federal Reserve concluded a two-day monetary policy meeting on the 10th, announcing a 25 basis point cut in the federal funds rate target range to between 3.5% and 3.75%.

This decision was in line with market expectations. It is the third consecutive rate cut by the Federal Reserve since September this year, with each cut being 25 basis points, and it is also the sixth rate cut since the start of this cycle in September 2024.
In a statement issued after the meeting, the Federal Open Market Committee (FOMC) said that US economic activity is expanding moderately, but job growth has slowed, the unemployment rate increased in September, inflation remains somewhat high, and the economic outlook still faces significant uncertainties. The downside risks to the employment market have increased in recent months.
Previously, Fed officials had differing views on the impact of tariff policies on inflation and whether to further cut rates in December, but worsening US employment data has pushed up expectations for rate cuts.