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Powell: Rate cut in December not set in stone, committee has very different views
Summary: According to sources, Federal Reserve Chairman Powell stated at a press conference that the rate cuts in September and today were precautionary, but future actions may differ. Powell emphasized that there are very different views within the committee on how to proceed in December, and further rate cuts are not a foregone conclusion. Subsequently, the ...
According to sources, Federal Reserve Chairman Powell stated at a press conference that the rate cuts in September and today were precautionary, but future actions may differ. Powell emphasized that there are very different views within the committee on how to proceed in December, and further rate cuts are not a foregone conclusion. Subsequently, the market's pricing probability for a December rate cut by the Fed dropped rapidly from 92% to 70%, leading to a decline in risk assets, while US bond yields and the US Dollar Index DXY rose.
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Link: Powell: Rate cut in December not set in stone, committee has very different views [Copy]
