Federal Reserve mouthpiece: Powell's attitude towards the labor market this week may indicate the future policy direction

On September 16th, "Federal Reserve Messenger" Nick Timiraos wrote in the latest article: "This week's Fed rate cut is basically a foregone conclusion, and investors will focus on whether Powell will further advance his recent stance shift. Investors will be closely watching a key message: < b > Will Powell and his colleagues set the total number of rate cuts this year at three , or maintain the expectations in June (when the job market seemed more solid, and minority officials expected two rate cuts)? Last month, in a closely watched speech, Powell was more worried about the job market than some colleagues were worried about inflation at the time. The question now is whether Mr. Powell will reinforce this concern after August's weak non-farm payrolls report. If he does, he will confirm market expectations of "further rate cuts in the next few meetings", but may also need to overcome concerns from some colleagues who are reluctant to commit to such a rapid policy shift due to doubts about the "neutral level" and "whether interest rates should be adjusted to neutral".