Ben vaske, senior investment strategist at Orion Portfolio Solutions, said that the FOMC announced a rate cut of 25 basis points as scheduled today, marking a reduction in their aggressiveness relative to the September rate cut. It is worth noting that long-term interest rates have been on a sharp upward trajectory since the first rate cut and began to decline after today's announcement. In the context of a strong U.S. economy, the road ahead may be more complicated for the Federal Reserve than a steady rate cut.