The Fed Chair Jerome Powell's comments on Tuesday suggested that interest rate cut in October was not a done deal, though did little to influence firming market expectations of a third interest rate cut this year at the upcoming FOMC meeting on October 29-30.
At separate events, two other FOMC members - Chicago Fed President Charles Evans and Minneapolis Fed President Neel Kashkari signalled their support for more policy easing. In fact, the interest-rate futures are currently pricing in more than an 80% chance of rate cut in October and 40% chance of a fourth rate cut in December.
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