[Dollar Index Drops 0.4% After Fed Rate Cut, Largest Single-Day Decline Since September] On Wednesday, the Federal Reserve decided to cut interest rates by 0.25 percentage points. Fed Chair Jerome Powell emphasized risks in the labor market and downplayed inflation concerns. The Dollar Index closed down 0.4%, marking its largest decline since September 16. Bank of America strategist Alex Cohen stated that Powell's outlook on the labor market is less optimistic, and his comments on labor and inflation triggered the dollar's decline. Macro strategist Edward Harrison pointed out that the Fed is out of sync with increasingly hawkish central banks around the world.