New York Fed Open Market Account Manager: The market is ready to properly interpret last week's rate cut.

On September 25th, Jinshi Data reported that the official in charge of executing monetary policy at the New York Fed stated on Tuesday that the financial markets were ready to interpret correctly the unexpected rate cut by the Federal Reserve, and believed that this was not a sign of trouble. Roberto Perli, head of the Federal Reserve System Open Market Account (SOMC), said in a speech that although the futures market did not fully digest the factors of the Fed’s 0.5 percentage point rate cut last week, market intelligence collected by the New York Fed indicated that investors may correctly interpret the 50 basis point rate cut and believe that the FOMC’s neutral policy stance will help maintain economic and labor market strength while continuing to promote further progress in inflation.