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2025-10-29 17:04:53
[Powell Makes a Major Appearance Tonight! Fed's "Neutral" Tactics Hold Hidden Clues] ⑴ Jefferies economist Mohit Kumar predicts that Fed Chairman Powell may adopt a neutral stance on the prospect of further interest rate cuts on Wednesday. ⑵ The market widely expects the Fed to announce a 25 basis point rate cut at this meeting, with the focus on guidance for the subsequent policy path. ⑶ Powell may acknowledge recent signs of a slowdown in labor market data, leaving open the possibility of another rate cut in December. ⑷ However, the Fed Chairman is expected to emphasize that any decision will depend on subsequent data performance, maintaining a data-dependent policy stance. ⑸ Jefferies also expects the Fed to formally announce the end of quantitative tightening at this meeting. ⑹ According to Tradeweb data, the 10-year US Treasury yield fell slightly by 0.6 basis points to 3.976%, with limited fluctuations across the entire yield curve. ⑺ The narrow range of fluctuations in the bond market indicates that investors remain cautious ahead of major risk events, awaiting clear guidance from Powell.
