Powell "Additional rate cut in December not certain"

JH Kim

Summary

Jerome Powell, chair of the U.S. Federal Reserve, said a December rate cut is 'not certain.'
Powell made remarks cautioning against the market's expectations of early easing.
He said the decision on a December rate cut depends on future economic indicators.

Jerome Powell, chair of the U.S. Federal Reserve (Fed), said the possibility of an additional rate cut in December is "not certain." This is interpreted as a remark preemptively warning against the market's expectations of early easing.

On the 29th (local time), according to the economic news channel Walter Bloomberg, Powell said, "I cannot guarantee that an additional rate cut will be carried out at the December meeting," and added, "Policy decisions depend on economic indicators to be released in the future."