IG analyst: Powell's speech is unlikely to change many views
According to a report by JinShi, IG analysts stated: "A 50-basis point rate cut by the Federal Reserve in November is still seen as a possibility." Powell's speech is unlikely to change many views, although he may reiterate his comments on the Federal Reserve's recent interest rate decision. Tomorrow, Federal Reserve Chairman Powell will deliver a speech at the National Association for Business Economics, where he may indicate the future policy direction of the Federal Reserve.
