The Federal Reserve cut interest rates by 25 basis points, and its future rate cut stance is more cautious than expected

According to Jin Ten, the Federal Reserve cut interest rates by 25 basis points overnight and hinted at further rate cuts, with the dollar briefly hitting a seven-week low and currently remaining under pressure. Michael Pfister from Commerzbank stated that Fed Chairman Powell's remarks suggest that the risks of high inflation are not as severe as the risks of a weakening labor market, which may pave the way for further rate cuts after a pause in January next year.