Analyst: Powell's remarks are aimed at maintaining flexibility
Jinse Finance reported that analyst Joseph Richter stated: "After Powell indicated that a rate cut in December is not yet set in stone, the yield curve has flattened in a bearish manner, which in our view is a bit overdone." "Although the Federal Reserve may not cut rates at every meeting (even though we believe they will cut rates), we think these remarks are an attempt to regain optionality. The market may interpret this as hawkish, but that may not necessarily materialize."
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