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BlockBeats News, December 8, although another rate cut by the Federal Reserve is almost a foregone conclusion, the main issue lies in how Powell will articulate the prospect of further easing next month. As divisions among Fed policymakers between increasingly hawkish and increasingly dovish stances intensify, Powell will have to undertake a difficult balancing act at this week’s central bank meeting. Wall Street expects this to be a "hawkish rate cut," meaning that after joining the dovish camp to cut rates this month, Powell may avoid signaling a rate cut in January next year in order to appease the hawks within the Fed. Bank of America analysts stated in a report last Friday: "Powell is facing the most divided committee in recent years. Therefore, we believe he will, as in October, try to balance the expected rate cut with a hawkish stance at the press conference." At the same time, the Fed Chair has also consistently insisted that policymakers have no preset path and that interest rate changes will depend on subsequent data releases. Therefore, Bank of America is skeptical about whether Powell can so easily achieve a 'hawkish rate cut', considering that a large amount of market-moving data will be released between the two meetings, some of which has been delayed due to the government shutdown. Similarly, JPMorgan Chief US Economist Michael Feroli said he expects Powell to emphasize that after this week’s rate cut, rates will be close to neutral levels. Therefore, any additional easing will depend on a substantial deterioration in the labor market, rather than being based on risk management. (Golden Ten Data)