[Jefferies: The Fed took action early, but the market reaction was mild] Golden Finance reported that Brad Bechtel, global head of foreign exchange at Jefferies, said that before the Fed made an interest rate decision, market expectations were almost 50-50. Therefore, the Fed obviously surprised half of the market. The Fed is trying to get ahead of the US economic slowdown and provide support. But so far, the market reaction has not been too crazy, and a lot of the reaction has been reflected in the price.