The market is closely watching Powell's speech tonight, with pricing suggesting a probability of over 80% for a 25 basis point rate cut in December

Federal Reserve Chairman Powell will participate in a dialogue at 04:00 on November 15 (Friday) Beijing time, making his first public speech since the FOMC meeting in November, and may comment on recent economic data. Investors and economists will closely watch for clues about the Federal Reserve's December interest rate decision and policy outlook for 2025. In his most recent speech, Powell emphasized the Fed's dual goals - balancing risks of stable inflation and supporting maximum employment. He described the Fed's path to cutting interest rates as "normalization" of policy.

Wednesday's futures market pricing suggests that there is more than an 80% chance of a 25 basis point cut at the Federal Reserve meeting from December 17th to18th. The update to policymakers' quarterly economic forecast summary in September showed a median prediction of a one percentage point cut by 2024, followed by another one percentage point cut in 2025. Officials will update their "dot plot" at the December meeting, which may indicate policy paths for