At the September FOMC meeting, the FRB took preventive measures to prepare for the risk of an economic slowdown.The policy interest rate (FF interest rate) was reduced by 0.5% as the target., a rate cut for the first time in 4 and a half years. Subsequently, additional rate cuts of 0.25% each were made at the November and December meetings, resulting in three consecutive rate cuts.The cumulative rate cut amount has reached 1.0 point.Furthermore, at the December FOMC meeting,The outlook for rate cuts in 2025 was revised from 4 to 2 times..