ChainCatcher News: Federal Reserve Chairman Jerome Powell stated on Wednesday that the U.S. economy is performing stronger than it did when the Fed began cutting rates last September, which may lead policymakers to be more cautious about further rate cuts. Powell said, "We can be a bit more cautious as we try to find a neutral stance."

Powell's remarks on Wednesday seem to align with the more cautious policymakers and largely echo the earlier view that the Fed could consider rate cuts "carefully" and does not need to rush. Powell's comments did not significantly alter the current expectation of a 25 basis point rate cut again in December.