Powell delivered a speech in the early morning, emphasizing that the current interest rate hike is not the basic expectation. At the same time, he expressed confidence in the easing of inflation, but still believed that the inflation level was too high to support interest rate cuts.
Market traders generally predict that there will be two interest rate cuts in 2024, but the Fed's dot plot shows that the interest rate cut next year may only be 25 basis points, indicating that the Fed is still cautious in monetary policy.
