BMO: Powell will avoid making a clear commitment on January interest rates

According to Jin Ten, BMO Capital Markets strategist Ian Lyngen pointed out that there will be a wave of "revised" economic data released in the coming weeks, which will significantly impact the policy outlook. Therefore, Federal Reserve Chairman Powell is likely to remain vague after the December meeting, avoiding any explicit commitments regarding the interest rate decision in January. Lyngen emphasized that the U.S. Bureau of Labor Statistics will release several important economic data during this period, and the cumulative effect of this information will redefine the market's understanding of economic performance.