Paul Nolte: The next Federal Reserve chairman is dovish, and the market is optimistic about the downward trend in interest rates

According to Jinshi News, Murphy & Sylvest market strategist Paul Nolte stated that at the last Federal Reserve meeting, Powell mentioned that due to a lack of economic data, the Fed would remain cautious at the next meeting. Subsequently, comments from several Fed officials shifted the stance from "no action in December" to "we need to cut rates in December due to severe weakness in the labor market." Nolte added that the next Fed chair may lean dovish, which has led the market to feel optimistic about a downward trend in interest rates by 2026.