Analysts: The Federal Reserve cut interest rates as scheduled, indicating independence and concern about two-way risks to the labor market

Thomas Hayes, chairperson of Great Hill Capital, said the key to the fact that the Fed's rate decision went as planned this time around is that they acted according to market expectations despite the poor election result. Because if they pulled back on expectations of a rate cut, it would be considered politically influenced. So they're basically saying, number one, they're a non-political organisation and they're going to act as planned; and number two, they're fully aware of the dual risks associated with the labour market, and continuing to move towards neutral rates will mitigate the risk of a labour market collapse. "