It's benchmark interest rate cut to a range of 3.75% to 4.00%.
基准利率下调至 3.75% 至 4.00% 的区间。

Fed Governor Stephen Miran disagreed with the decision, preferring to cut rates by half a percentage point. Meanwhile, Kansas City Fed President Jeff Schmid also dissented, advocating for holding rates steady.
美联储理事斯蒂芬·米兰不同意这一决定，他倾向于降息0.5个百分点。与此同时，堪萨斯城联储主席杰夫·施密德也持反对意见，主张维持利率不变。

Miran is concerned that renewed trade tensions with China, which have since settled, posed risks to the economic outlook. He doesn’t see tariffs leading to higher inflation and wants to avoid causing damage to the labor market.
米兰担心，尽管目前已有所缓和，但此前与中国的贸易紧张局势再次升级，给经济前景带来了风险。他认为关税不会导致通胀上升，并希望避免对劳动力市场造成损害。

Schmid has said inflation is still too high and the current level of interest rates is the “right place to be.”
施密德表示，通货膨胀率仍然过高，目前的利率水平是“合适的”。

Policymakers indicated that “Job gains have slowed this year, and the unemployment rate has edged up, but remained low through August; more recent indicators are consistent with these developments,” and “downside risks to employment rose in recent months.”
政策制定者指出，“今年就业增长放缓，失业率略有上升，但截至 8 月份仍保持低位；最近的指标也与这些发展趋势相符”，并且“近几个月来，就业下行风险有所上升”。

In September, Fed officials cut the interest rate for the first time this year, and the median of the 19-member FOMC committee penciled in two more rate cuts this year.
9 月份，美联储官员今年首次下调利率，19 名成员组成的联邦公开市场委员会 (FOMC) 预计今年还将降息两次。

Official labor market data through August showed a sharp slowdown in payroll growth. Officials have not received the jobs report for September due to the shutdown and have had to rely on private sector data and anecdotal surveys, which have shown continued weakness in payroll growth.
截至8月份的官方劳动力市场数据显示，就业增长大幅放缓。由于疫情封锁，官方尚未收到9月份的就业报告，只能依赖私营部门数据和非正式调查，而这些数据和调查结果均显示就业增长持续疲软。

https://finance.yahoo.com/news/federal-reserve-cuts-interest-rates-by-025-for-second-straight-meeting-143206236.html

来源：https://www.reddit.com/r/stocks/comments/1ojc0ek/fed_cut_interest_rates_by_25_basis_point_in_a/