According to BlockBeats, on November 8, Ben Vaske, senior investment strategist at Orion Portfolio Solutions, said that the FOMC announced a 25 basis point interest rate cut as expected today, indicating that they were less aggressive than the September rate cut.
It is worth noting that long-term interest rates have been on a sharp upward trajectory since the first rate cut and began to decline after the rate cut was announced today. Against the backdrop of a strong US economy, the path ahead for the Fed may be more complicated than steady rate cuts. (Jinshi)