Analyst: Powell's speech reinforces the logic of another rate cut in December
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Odaily Odaily News LHMeyer analysts wrote that the speech by Federal Reserve Chairman Powell provided little new information, but provided a clue to how the Fed is considering the December resolution. Powell emphasized that the Fed will not respond to the expected policies of the Trump administration (which are believed to be likely to trigger inflation), but will focus on current data. This suggests that the Fed retains the freedom to continue to cut interest rates. Analysts believe that the Fed is most likely to cut interest rates by another 25 basis points next month. (Jinshi)
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