Powell: A rate cut in December is not a done deal, the committee has very different views

ChainCatcher message, Federal Reserve Chairman Powell stated at a press conference that the rate cuts in September and today are risk management-style cuts, but the situation will not be the same in the future. He mentioned the most important statement in his opening remarks: "There are very different views within the committee on how to act in December. A further reduction in the policy rate at the December meeting is not a foregone conclusion."

Subsequently, the market's pricing probability for a Fed rate cut in December quickly dropped from 92% to 70%, with risk assets declining across the board, and U.S. Treasury yields and the DXY dollar index rising. (Jin Shi)