JPMorgan: Powell's speech reinforces expectations for a rate cut at the end of October

ChainCatcher news, according to Jinshi reports, JPMorgan's Chief U.S. Economist Michael Feroli stated that the latest remarks from Federal Reserve Chairman Powell have solidified expectations for further rate cuts, starting from the next meeting on October 28 to 29. Feroli pointed out that Powell's wording left almost no room for ambiguity, further reinforcing investors' belief that the Federal Reserve is preparing to lower interest rates again in response to softening inflation and labor market data.