According to ChainCatcher, Nick Timiraos, the famous Wall Street Journal reporter known as the "Fed Whisperer," wrote in his latest article that the Federal Reserve's rate cut plan is constantly changing, and investors generally expect a third consecutive rate cut this week. After that, officials are preparing to slow down or even stop cutting rates.
Nick Timiraos said Powell is trying to find the right position amid signs that the labor market is not as volatile and inflation is slightly more stable than in September. Some officials have doubts about further rate cuts, and those who previously strongly supported the first two rate cuts are no longer so sure.
One option this week is to cut rates by 25 basis points and then use the new economic forecast to strongly imply that the central bank is prepared to cut rates more slowly.
