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

The Federal Reserve of the United States concluded its two-day monetary policy meeting on the 10th and announced a 25-basis-point cut in the target range for the federal funds rate to between 3.5% and 3.75%. This decision met market expectations. This is the third consecutive interest rate cut by the Fed since September this year, each time by 25 basis points, and it is also the sixth interest rate cut since the Fed launched this round of interest rate cut cycle in September 2024. The Federal Open Market Committee, the Fed's policy-making body, issued a statement after the meeting that day, saying that economic activity in the United States is expanding moderately, but job growth has slowed, the unemployment rate rose in September, inflation remains somewhat high, and the economic outlook still faces high uncertainty. The downside risks to the labor market have increased in recent months. Previously, Fed officials were divided on the impact of tariff policies on inflation and whether to further cut interest rates in December, but the deterioration of the US labor market data has raised expectations of an interest rate cut.