CITIC Securities: The Fed's rate cut path remains uncertain

ChainCatcher news, according to Golden Ten Data, a research report by CITIC Securities pointed out that some FOMC members, such as Waller, Mester, and Bowman, have explicitly supported interest rate cuts, while Federal Reserve Chairman Powell and other officials have expressed caution. In his speech on September 23, Powell mentioned that overly aggressive policy adjustments could make it difficult to achieve the inflation target, while maintaining restrictive policies for too long could risk weakening the labor market. The market's expectation probability for a rate cut in October remains above 90%.