JPMorgan: Powell's speech reinforces expectations for a rate cut by the end of October
ChainCatcher news, according to Golden Ten Data, JPMorgan Chief US Economist Michael Feroli stated that Federal Reserve Chairman Powell's latest speech has reinforced expectations of further interest rate cuts, which will begin at the next meeting from October 28 to 29. Feroli pointed out that Powell's wording left almost no room for ambiguity, further strengthening investors' belief that the Federal Reserve is preparing to lower interest rates again in response to weakening inflation and labor market data.
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