Powell: A rate cut in December is not a foregone conclusion; there are very different views within the committee.

ChainCatcher news: Federal Reserve Chairman Powell stated at the press conference that the rate cuts in September and today were risk management-oriented cuts, but this will not be the case in the future. In his opening remarks, he made the most important statement: "During the committee's discussion at this meeting, there were very different views on what action to take in December. Further lowering the policy rate at the December meeting is not a foregone conclusion." Subsequently, the market's pricing probability for a Fed rate cut in December quickly dropped from 92% to 70%, risk assets fell across the board, and U.S. Treasury yields and the U.S. Dollar Index (DXY) surged.