Wall Street is eyeing Mr. Powell's speech for any hint of the "next" after the Fed cut interest rates for the first time this year last week, with investors hoping he will give more clues today about how much the Fed intends to cut rates. Mr. Powell is due to give an economic forecast speech at 00:35 tonight.
Markets are forecasting that the Fed will cut its benchmark short-term interest rate by 25 basis points at each of its last two meetings in 2025, in October and December. More cuts are expected next year, but the Fed's own projections suggest it will move more slowly than many investors believe. Fed watchers on Wall Street believe Powell supports further rate cuts this year to help ensure unemployment does not rise sharply again, and tonight Powell is expected to make the case for a gradual rate cut. (Kim X)
Preview: Powell is scheduled to give an economic forecast speech at 00:35 tonight, and the market awaits a dovish signal
2025-09-23 09:31:39
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