Term is coming to an end, data is missing, and the outlook for Fed policy is unclear under political pressure. Powell cited weak labor market as the main reason for this round of interest rate cuts.

According to the Wise Finance APP, the Federal Reserve announced another 25 basis point rate cut on Wednesday, marking the second consecutive rate cut after the 25 basis point cut in the September meeting. However, against the backdrop of the government shutdown in the United States leading to limited supply of key economic data, and with Chairman Powell's term coming to an end and the successor still uncertain, the future policy path is becoming increasingly unpredictable.