Odaily Planet Daily reports that Chris Grisanti, Chief Market Strategist at MAI Capital Management in New York, commented on the Federal Reserve's interest rate decision: "The initial reaction was one of no surprise; rates were lowered as expected. But when you look ahead, you see a lot of uncertainty. As we move from today's rate cuts to 2026, the tailwind effect of these cuts will no longer be as reliable. This could become a problem. Further, with the Fed's revised wording emphasizing the uncertainty surrounding the 'magnitude and timing' of future rate cuts, the Fed is essentially sending a signal to the market: don't take rate cuts for granted. In my view, this means we'll only see more rate cuts if the economy slows significantly. As a stock investor, I hope there won't be any rate cuts in 2026, because that would mean the economy is weakening. I'd rather have a robust economy than more rate cuts." (Jinshi)

Odaily Planet Daily reports that U.S. stocks closed Wednesday with the Dow Jones Industrial Average up 1.05%, the S&P 500 up 0.68%, and the Nasdaq Composite up 0.3%. Bank stocks rallied, with Goldman Sachs (GS.N) up 1.4%, JPMorgan Chase (JPM.N) up 3%, and Citigroup (CN) up 1.5%. The Nasdaq China Golden Dragon Index rose 0.65%, with Alibaba (BABA.N) up nearly 2% and Huya (HUYA.N) up nearly 7%. (Jinshi)

Odaily Planet Daily reports: US President Trump: The Federal Reserve should lower interest rates to the lowest level in the world. (Golden Ten)

Odaily Planet Daily reports: Federal Reserve Chairman Jerome Powell: The scale of bond purchases is likely to remain high in the coming months.

Odaily Planet Daily reports that Goldman Sachs stated: The Fed's hawkish camp has been appeased, and future easing will depend on the labor market.

Odaily Planet Daily reports: Federal Reserve Chairman Jerome Powell: Inflation risks are tilted to the upside.

Odaily Planet Daily reports that Federal Reserve Chairman Jerome Powell stated that September labor market data showed a slight increase in the unemployment rate and a significant slowdown in job growth. (Golden Ten)

Odaily Planet Daily reports: Federal Reserve Chairman Jerome Powell: Current data suggests the outlook remains unchanged, but the labor market appears to be gradually cooling down.

According to a recent article by Nick Timiraos, a well-known figure in the Federal Reserve's internal communications, the Fed has cut interest rates for the third consecutive meeting. However, unusual divisions exist within the Fed regarding whether inflation or the job market should be a greater concern, leading officials to suggest a low willingness to continue cutting rates. Recent public comments from Fed officials indicate a deep division within the committee, to the point that the final decision may depend on how Fed Chairman Jerome Powell wants to proceed. Powell's term expires next May, meaning he will only chair the next three interest rate-setting meetings. Strong price pressures coupled with a cooling labor market present the Fed with an unpleasant trade-off, a situation unseen for decades. During the so-called "stagflation" of the 1970s, when officials faced a similar dilemma, the Fed's stop-and-go approach allowed high inflation to take hold. Jonathan Pingle, chief UBS US economist, stated, "As interest rates approach neutral, with each rate cut you lose more support from participants, and you need data to incentivize those participants to join the majority in implementing rate cuts." (Jinshi)

Odaily Planet Daily reports that spot gold has extended its gains to nearly $30, currently trading at $4215 per ounce. (Golden Ten)

According to Odaily Planet Daily, US interest rate futures indicate a 78% probability that the Federal Reserve will pause rate cuts at its January meeting, compared to 70% before the FOMC decision.

According to Odaily Planet Daily, the Federal Reserve's dot plot projections indicate two 25-basis-point rate cuts in 2026 and 2027. (Jinshi)

According to Odaily Planet Daily, the Federal Reserve lowered its benchmark interest rate by 25 basis points to 3.50%-3.75%.