CoinVoice has recently learned that as the non-farm payrolls data released on Friday far exceeded expectations, the market has basically ruled out the possibility of a further 50 basis point interest rate cut, and economists have expressed their views.

The Fed may scale back rate cuts to 25 basis points at its policy meetings in November and December, said Aichi Aemiya, an analyst at Nomura Securities International.

Aemiya said that Fed Chairman Powell also showed that he has "huge influence in the decision-making process of the Federal Open Market Committee (FOMC)." He said that Powell's speech at Jackson Hole in late August was relatively dovish, and then the FOMC further cut interest rates by 50 basis points at the September meeting. "Powell's opinion dominated the committee." [Original link]