Analysis: Powell's position is unknown, but it can be assumed that he will support a rate cut in December.

According to Deep Tide TechFlow news, on November 25, Chris Weston, research director at Pepperstone, stated, “The market is highly focused on the stance of each Fed voter and their views on the rate cut in December. Given that the market (and the Fed) has not yet received the usual data that would influence their policy decisions, this is reasonable. Perhaps the biggest unknown is Powell's own viewpoint, but overall, one can assume that he will vote in favor of a rate cut in December.” So far, the sudden shift in rate cut bets has had a limited impact on the dollar. Fed officials still have differing views on the next steps that may be taken, as the bank has not yet received a full set of data. Weston said, “Given the weakness in the labor market and the decline in both short-term and long-term inflation expectations in the U.S., maintaining interest rates in December would be a disconnection, and the market may react poorly.” ( Jin10 )