Waller, a potential successor to Fed Chair Powell, appeared satisfied with a 25 basis point rate cut.

Odaily Planet Daily News: Bank of America economists led by Bavi pointed out that Waller, the top candidate to succeed Powell, seemed satisfied with a 25 basis point rate cut. Bavi said: "We believe that Waller has dispelled people's concerns that his turn to dovishness in recent months was politically motivated rather than economically motivated. Whether this will have an impact on his candidacy for Fed chairman remains to be seen." However, this will not make the challenges facing the Federal Reserve any easier. With the increasing inflationary pressures related to tariffs and the rapid deterioration of the labor market, the internal debate is likely to be very intense. "Policymakers remain strongly divided on the pros and cons of further easing, setting the stage for fierce voting in the last two meetings of the year," said Samuel Tombs, chief U.S. analyst at Panson Macro. (Jinshi)