After taking a wait-and-see approach to the U.S. economy for ten months, the Federal Reserve has resumed its easing mode.

On Wednesday, the Federal Reserve took the widely anticipated step of lowering the benchmark federal funds rate range by 25 basis points to 4%-4.25%, the lowest level since December 2022.

The Federal Reserve acknowledged that economic growth in the first half of the year has "slowed" and the job market has "softened."

Previously, an increasing number of signs indicated that the U.S. labor market has begun to show clear signs of weakness, with the latest August employment report showing that the U.S. economy added only 22,000 jobs, and the unemployment rate rose to 4.3%, the highest level since 2021.

In addition to these data, revisions to reports from previous months show that the number of new jobs was much lower than previously expected #美联储降息预期升温