🔔🔔Powell's statement overturned the market, directly saying that a rate cut in December is not a done deal.

📢 On October 30th, Federal Reserve Chairman Powell clearly stated at a press conference: both the September rate cut and this one are of a risk management nature, and this model will not continue in the future. His key statement in the opening remarks further triggered a strong market reaction—"The committee had significant disagreements regarding the policy actions in December during this meeting, and a further reduction in the policy interest rate in December is not a predetermined outcome." As soon as he finished speaking, the market's pricing probability for a rate cut in December dropped sharply from 92% to 70%, and risk assets weakened across the board.
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