Analyst: Powell may avoid giving clear guidance tonight

Fed Chairman Powell will be interviewed at the DealBook/Summit conference hosted by the New York Times at 02:45 Beijing time on Thursday. Analysts at LHMeyer, a monetary policy and global macro research consulting firm, said Powell may still be reluctant to talk about his views on the December meeting. Powell is unlikely to have a clear preference for the December decision like Waller (who supports a December rate cut). The market expects the Fed to cut interest rates in December, but still believes that it is likely to wait and see. Such an arrangement does not seem to bother Powell. (Jinshi)