The Federal Reserve cuts interest rates for the third consecutive time this year

The U.S. Federal Reserve concluded a two-day monetary policy meeting on the 10th, announcing a 25 basis point reduction in the federal funds target rate to a range of 3.5% to 3.75%. This decision aligns with market expectations. This is the third consecutive rate cut by the Fed 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 of rate reductions in September 2024.