1. The Federal Reserve announced a 25 basis point rate cut, in line with market expectations, with only two rate cuts anticipated next year.
2. The Federal Reserve significantly raised the median target range for future policy rates, while also increasing inflation expectations for this year and next.
3. Powell stated that the U.S. economy is performing strongly, the labor market is cooling but remains robust, and inflation is close to the 2% target.
4. The average monthly increase in non-farm employment over the past three months was 173,000, with an unemployment rate of 4.2% in November, which is relatively low.
5. The Federal Reserve has lowered the policy rate by 100 basis points from its peak, indicating a clearly less restrictive policy stance.
6. This year's PCE inflation expectation is 2.4%, rising to 2.5% next year, above the September forecast, before falling to the 2% target thereafter.
7. The Federal Reserve hinted at slowing down or pausing the pace of rate cuts, with future policy adjustments being more cautious.
8. The federal funds rate is expected to be 3.9% by the end of next year and 3.4% by the end of 2026, higher than the September forecast.
9. The Federal Reserve will decide the magnitude and timing of future rate cuts based on economic data, changes in outlook, and risk balance.
10. The Federal Reserve lowered the overnight reverse repurchase agreement tool rate to the lower limit of the target range as a technical adjustment.