On October 29 local time, the Federal Reserve announced a 25 basis point interest rate cut. Federal Reserve Chairman Jerome Powell said at a press conference that day that the Federal Reserve will continue to determine appropriate monetary policy stance based on the latest data, changing economic prospects and risk balance. Regarding the policy direction in December, there were very different views in the discussions at this committee meeting.Further interest rate cuts in December are far from certain¡£

Powell pointed out,The U.S. government's "shutdown" will "have an impact on economic activity"¡£ Additionally, Powell mentioned that a large portion of U.S. consumers are still "very unhappy" with inflation.

The U.S. Federal Reserve ended its two-day monetary policy meeting on the 29th and announced that it would cut the target range of the federal funds rate by 25 basis points to between 3.75% and 4.00%.This is another rate cut by the Federal Reserve following a 25 basis point cut on Sept. 17 and the fifth time since Sept. 2024.

The Federal Open Market Commission, the decision-making agency of the Fed, said in a statement that existing indicators showed that economic activity has been expanding at a moderate rate, employment growth has slowed this year, unemployment rates have risen slightly, and inflation has risen since the beginning of the year and is currently at a high level.

At present, the continued "shutdown" of the U.S. federal government has delayed the release of a number of official economic data. Federal Reserve Chairman Jerome Powell has previously said that the Fed has its own contacts and data sources to monitor the health of the U.S. economy. (CCTV reporter Liu Xu Liu Xiaoqian)