Institution: The Federal Reserve's interest rate cut in December is not a certainty

ChainCatcher news, according to Jinshi reports, Jeffrey Rosenkranz, portfolio manager of the Shelton Tactical Credit Fund under Shelton Capital Management, stated that last Friday's October employment report helps to counter concerns that the Federal Reserve's aggressive rate cuts in September may have been premature.

That is to say, based on data from the CME, he does not fully believe that there will definitely be two more 25 basis point rate cuts before the end of the year, even though interest rate futures traders have begun to anticipate such an outcome. While Powell is almost certain to be asked about the election, or how the rise in U.S. Treasury yields might affect their thinking, Rosenkranz expects that Powell is likely to object.