Analyst: Powell's speech has reinforced the logic of another 25 basis point cut in December.

Analysts at LHMeyer wrote that Federal Reserve Chairman Powell's speech provided little new information, but offered a clue as to how the Fed is considering its December decision. Powell emphasized that the Fed will not react to expected policies from the Trump administration (which are thought could trigger inflation), but instead focus on current data. This suggests that the Fed retains freedom to continue cutting interest rates. Analysts believe it is most likely that the Fed will cut another 25 basis points next month.