Analyst: Powell's speech reinforces the logic of rate cuts in December

On November 8th, Jinshi Data reported that LHMeyer's analyst wrote that Federal Reserve Chairman Powell's speech provided little new information, but offered a clue as to how the Fed is considering the December decision. Powell emphasized that the Fed would not react to the expected policies of the Trump administration (which are believed to potentially trigger inflation), but would focus on current data. This indicates that the Fed has retained the freedom to continue cutting interest rates. Analysts believe that the Fed is most likely to cut interest rates by 25 basis points again next month.
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