CITIC Securities: There is still uncertainty in the Federal Reserve's interest rate cut path

ChainCatcher news, according to Jinshi reports, a research report from CITIC Securities pointed out that some members of the FOMC, such as Waller, Mester, and Bowman, clearly support interest rate cuts, while officials like Federal Reserve Chairman Powell have expressed caution. In a speech on September 23, Powell mentioned that overly aggressive policy adjustments could make it difficult to achieve the inflation target, while maintaining restrictive policies for too long could pose risks to the labor market. The market's expectation probability for an interest rate cut in October remains above 90%.