TechFlow news, on November 18, according to Jinshi Data, Federal Reserve Chair Powell's comments last week suggested the possibility of pausing rate cuts at upcoming meetings. This news disappointed investors. However, some economists do not view Powell's remarks as negative for the market. Citigroup's chief U.S. economist Andrew Hollenhorst stated, "Treasury yields rose following Powell's comments, but we believe this reflects more his intention to keep all options open rather than a deliberate hawkish signal."
Goldman Sachs' chief economist Jan Hatzius still expects "the Fed to cut rates consecutively in December, January, and March, followed by quarterly cuts in June and September," though he acknowledges the FOMC could slow the pace of rate cuts sooner, possibly as early as the December or January meeting. Nevertheless, unless the November employment or inflation reports are unexpectedly strong, it is unlikely that the FOMC will skip a rate cut in December.
