The Federal Reserve announced its latest interest rate decision on Thursday, September 18, reducing the target range for the federal funds rate by 25 basis points to 4%-4.25%. This decision marks the Fed's first restart of the rate cut process since December of last year, ending nearly a year of pause.

The decision to cut interest rates was not unanimous. Newly appointed Fed Governor Milan cast a dissenting vote, advocating for more aggressive measures and suggesting a rate cut of 50 basis points.

Fed officials have differing views on the future trajectory of interest rates. According to the latest dot plot, among the 19 Fed officials participating in the forecast:
- 9 officials expect two more rate cuts before 2025;
- 2 officials believe only one more interest rate cut is needed;
- 6 officials adopted a cautious attitude, believing that further interest rate cuts are unnecessary.

The recent interest rate cut decision reflects the Fed's cautious attitude towards the economic outlook, while also demonstrating its efforts to seek a balance between inflation pressures and economic growth. Market participants will closely monitor the Fed's policy direction in the coming months, as well as the impact of these decisions on financial markets and the overall economy.