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

According to Odaily Planet Daily, Chris Weston, head of research at Pepperstone, stated, "The market is highly focused on the stance of each Fed voting member and their view on a December rate cut. This is reasonable given that the market (and the Fed) haven't yet received the data that typically influences their policy decisions. Perhaps the biggest unknown is Powell's own opinion, but generally, one can assume he will vote for a December rate cut." So far, the sudden shift in rate cut bets has had a limited impact on the dollar. Fed officials remain divided on the next possible move because the bank hasn't yet received the full set of data. Weston said, "With a fragile labor market and declining short- and long-term inflation expectations in the US, keeping rates unchanged in December would be a disconnect, and the market might react poorly." (Jinshi)