Peter Cardillo: The FOMC statement is dovish but cautious

According to ChainCatcher, citing Golden Ten Data, Peter Cardillo, Chief Market Economist at Spartan Capital Securities, stated that the 25 basis point rate cut was in line with market expectations, as the cut had long been widely anticipated and the economic outlook remains optimistic. He believes that this statement reflects a dovish but cautious stance, noting that the Federal Reserve is maintaining a cautious approach and is still waiting for more economic data, especially monitoring developments in the labor market, while inflation levels remain high at present.