After the Federal Reserve cut interest rates by 25 basis points, the bond market seems to have priced in a hawkish tone in Chairman Powell's speech. U.S. Treasury yields are rising, with the 10-year Treasury yield reaching levels not seen since the summer. Federal Reserve officials expect next year's inflation rate to remain above the 2% target.

In response to this, a reporter asked Powell what would lead the Federal Reserve to lower interest rates in 2025 considering this forecast. Powell replied that substantial progress has been made in cooling prices, but further progress is still needed. Additionally, the Federal Reserve wants to ensure that the labor environment remains stable. (Golden Ten)