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[Chief Investment Officer: Weak Labor Market is the Main Reason for Fed Rate Cut] Michael Rosen, Chief Investment Officer at Angeles Investments, stated that this rate cut aligns with expectations. The Federal Reserve approved a 25 basis point rate cut with a vote of 9 to 3, with Schmid and Goolsbee supporting no rate cut, while Milan advocated for a 50 basis point rate cut. The statement emphasized that the weak labor market is the main reason for the rate cut, suggesting that the Fed may continue to ease policy, although the expectation of implementing a 25 basis point rate cut next year remains unchanged.

[Stripe Acquires Valora Team to Expand Stablecoin Services] Stripe has acquired the team of crypto startup Valora to expand its stablecoin services. Valora founder Jackie Bona announced on Wednesday that the team will be joining Stripe, though the terms of the deal and specific number of people involved were not disclosed. Bona stated that Stripe's acquisition does not include the intellectual property behind Valora's technology. The Valora app will return to its parent company cLabs, which will continue to oversee Valora's future development.

[MAI Strategist: The Fed Warns Against Taking Rate Cuts for Granted] Chris Grisanti, Chief Market Strategist at New York-based MAI Capital Management, pointed out that while interest rates have been lowered as expected, the tailwind effect of rate cuts heading into 2026 will no longer be reliable. The Fed's revised wording emphasizes the uncertainty surrounding the 'magnitude and timing' of future rate cuts, essentially signaling to the market not to take rate cuts for granted. Grisanti believes that only a significant economic slowdown would lead to more rate cuts, and he would prefer a stable economy over additional rate cuts.

[Informa Global Markets: Powell's speech does not reflect the essence of a 'hawkish rate cut'] Informa Global Markets commented on Federal Reserve Chairman Powell's speech, stating that the so-called 'hawkish rate cut' is nothing more than that. Powell pointed out the tension between the Fed's dual mandate but also acknowledged that there has been little change since the last meeting. Powell's remarks are generally similar to previous ones. Powell stated that the current economy does not resemble an overheated economy driven by labor-driven inflation.