ChainCatcher News, according to Jinshi report, LHMeyer analysts wrote that Federal Reserve Chairman Powell's speech provided little new information but offered a clue on how the Fed is considering the December decision.

Powell emphasized that the Fed will not react to the expected policies of the Trump administration (which are believed to potentially trigger inflation), but will focus on current data. This suggests that the Fed retains the freedom to continue cutting interest rates. Analysts believe that the Fed is most likely to cut rates by 25 basis points again next month.