Peter Cardillo: The FOMC statement is dovish but cautious

According to Jinshi News, Peter Cardillo, Chief Market Economist at Spartan Capital Securities, stated that the 25 basis point rate cut aligns with market expectations, as the rate cut has long been widely anticipated, and economic forecasts remain optimistic. He believes this statement reflects a dovish yet cautious stance, pointing out that the Federal Reserve is maintaining a cautious approach and is still waiting for more economic data to emerge, especially observing the evolution of the labor market, while inflation levels remain high.