JPMorgan: Powell did not dodge questions about a rate cut in October

Jinse Finance reported that Michael Feroli, Chief U.S. Economist at JPMorgan, stated that Federal Reserve Chairman Jerome Powell's latest speech "solidified expectations for further rate cuts, which will begin at the next meeting from October 28 to 29." Feroli pointed out that the market was already quite convinced that the Federal Reserve was inclined to ease policy, but Powell's wording left almost no room for ambiguity. He said, "While hardly anyone doubts that the Fed will cut rates at the next meeting, today's speech is a strong confirmation of that expectation." Powell's remarks further strengthened investors' belief that, following a series of weaker inflation and labor market data, the Fed is preparing to lower interest rates again, thereby reinforcing market bets on a rate cut at the end of October.