Analyst: Powell's speech reinforces the logic for another rate cut in December

ChainCatcher news, according to Jinshi reports, analysts at LHMeyer wrote that Fed Chairman Powell's speech provided little new information but offered a clue on how the Fed is considering the December decision.

Powell emphasized that the Fed will not react to the expected policies of the Trump administration (which are believed to potentially trigger inflation) but will focus on current data. This indicates that the Fed retains the freedom to continue cutting interest rates. Analysts believe that the Fed is most likely to cut rates by another 25 basis points next month.