The reason for the market remaining weak despite the rate cut this time is

1. There is no problem with this rate cut; the dot plot shows only one rate cut next year, which is fewer than the market expected three rate cuts next year.
2. The magnitude of the next rate cut has decreased to 55%.
3. Powell has raised the threshold for rate cuts to ensure the independence of the Federal Reserve.

The third point is very critical. The last time the threshold for rate cuts was raised was in December 2024, after which the Federal Reserve paused rate cuts and only resumed nine months later, so the market is concerned about this.