[The Fed cut interest rates by 25 basis points as expected and abandoned the statement of "more confidence"] On November 8, according to IFR, a media outlet under Reuters, as widely expected by the market, the Federal Reserve lowered the target range of the federal funds rate by 25 basis points to 4.50%-4.75%, and made some changes to the statement. Although the outlook they stated remained generally unchanged as they continued to assert that the economic outlook was uncertain, they abandoned a sentence saying that they were "more confident that inflation is moving sustainably towards the target."