Golden Finance reports that Federal Reserve Chairman Powell stated at a press conference that it seems unlikely that interest rates will rise next year as the Federal Reserve is working to maintain a strong labor market while reducing the inflation rate to 2%. When asked whether an interest rate hike could be ruled out in the case of the Federal Reserve slowing future rate cuts, Powell said, "You can't completely rule out things in this world. That doesn't seem like a possible outcome. I think 4.3% is a meaningful restrictive level, and it's a well-calibrated range that allows us to continue making progress on inflation while maintaining a strong labor market."