“Federal Reserve Microphone” Nick Timiraos recently wrote: “The Fed's interest rate cut this week is basically a foregone conclusion. Investors will focus on whether Powell will further advance his recent shift in position. Investors will pay close attention to one key message: will Powell and his colleagues set a total of three interest rate cuts this year, or will they maintain their June expectations? Last month, in a high-profile speech, Powell's concerns about the job market surpassed those of some of his colleagues at the time about inflation. The question now is: will Powell further reinforce this concern after the release of the weak non-farm payrolls report in August? If he does this, it will confirm the market's expectations that “interest rates will continue to be cut in the next few meetings,” but it may also be necessary to overcome the concerns of some colleagues — these colleagues are unwilling to promise such a rapid policy shift due to doubts about “neutral interest rates” and “whether interest rates should be adjusted to a neutral level.”

“Federal Reserve Microphone” Nick Timiraos recently wrote: “The Fed's interest rate cut this week is basically a foregone conclusion. Investors will focus on whether Powell will further advance his recent shift in position. Investors will pay close attention to one key message: will Powell and his colleagues set a total of three interest rate cuts this year, or will they maintain their June expectations? Last month, in a high-profile speech, Powell's concerns about the job market surpassed those of some of his colleagues at the time about inflation. The question now is: will Powell further reinforce this concern after the release of the weak non-farm payrolls report in August? If he does this, it will confirm the market's expectations that “interest rates will continue to be cut in the next few meetings,” but it may also be necessary to overcome the concerns of some colleagues — these colleagues are unwilling to promise such a rapid policy shift due to doubts about “neutral interest rates” and “whether interest rates should be adjusted to a neutral level.”