The Federal Reserve's interest rate cut meets expectations, with a weak labor market as the main reason

According to Jinshi News, Angeles Investments Chief Investment Officer Michael Rosen stated that this rate cut was anticipated, and the 25 basis point cut passed with a vote of 9 to 3 was also expected. The statement emphasized the weakness in the labor market, which is the main reason for the 25 basis point cut, suggesting that the Federal Reserve may continue to ease policy, although the current expectation of only one 25 basis point cut implemented next year has not changed.