Peter Cardillo: The tone of the FOMC statement is dovish but cautious

According to Jin Ten, Peter Cardillo, chief market economist at Spartan Capital Securities, stated that the 25 basis point rate cut aligns with market expectations, as the rate cut has long been anticipated, and the economic forecast remains optimistic. He believes this statement reflects a dovish yet cautious stance, noting that the Federal Reserve is maintaining a cautious approach and is still waiting for more economic data to emerge, especially observing the evolution of the labor market, while inflation levels remain high.