Odaily星球日报讯 美联储主席鲍威尔：整体经济强劲，致力于维持经济的强劲发展。今天美联储减少了政策收紧的幅度。我们今天的决定反映了对劳动力市场强劲表现能够持续的信心日益增强。劳动力市场已经较之前的过热状态降温。消费者支出保持了韧性。（金十）

美联储主席鲍威尔：整体经济强劲，致力于维持经济的强劲发展

Odaily Odaily News: Fed Chairman Powell: The overall economy is strong and we are committed to maintaining strong economic development. Today, the Fed reduced the extent of policy tightening. Our decision today reflects our growing confidence that the strong performance of the labor market can continue. The labor market has cooled down from its previous overheated state. Consumer spending has remained resilient. (Jinshi)

Federal Reserve Chairman Powell: The overall economy is strong and we are committed to maintaining strong economic development

Odaily Planet Daily Report: Oksana Aronov, Head of Alternative Fixed Income Market Strategy at an asset management firm, said in an interview with CNBC on Tuesday that interest rates are not as restrictive as the Federal Reserve expects... The market has become accustomed to a low-interest rate environment, "This (the market's call for rate cuts) is the impact of the extraordinary unconventional monetary policy of the past 15 years on the market." Aronov said the U.S. unemployment rate is at a historic low, and the market is no longer accustomed to a normal interest rate environment. The current 4.3% unemployment rate is "completely within" the Federal Reserve's 5% target, and any recent weakness is just a return to normal after years of a very tight labor market... We have not really seen widespread weakness. Retail sales and earnings of retailers like Walmart (WMT.N) are strong, indicating robust consumer spending. Aronov said the economy is still steadily growing, and there is no need to "sound the alarm."

JPMorgan strategist: U.S. economy is strong, Fed doesn't need to cut rates

The Federal Reserve's decision to cut interest rates by 50 basis points was supported by officials' changing views on the economic outlook. Federal Reserve officials currently expect the unemployment rate to remain at 4.4% by the end of 2024, compared to their previous forecast of 4% in June. In the view of Federal Reserve officials, inflation has also slowed somewhat compared to June. They expect the 12-month PCE inflation rate to be 2.3%, compared to 2.6% in the previous dot plot. This change in perspective indicates that the Federal Reserve is increasingly focused on the employment aspect of its dual mandate.

Fed's dual mandate focuses more on employment

The Royal Bank of Canada continues to expect the United States to achieve normalization rather than recession, and the Federal Reserve will cut interest rates by 25 basis points in September. The median of the Fed's economic forecast summary (SEP) is expected to show a 75 basis point rate cut this year, higher than the 25 basis point forecast in July, consistent with the bank's forecast. In addition, the bank believes that Fed Chairman Powell's remarks may maintain a cautious attitude - hinting at future rate cuts, without committing to a predetermined path, in order to have greater flexibility in future decision-making. (Gold Ten)