Wall Street Awaits Powell's Insights on Future Fed Rate Cuts

According to BlockBeats, following the Federal Reserve's recent rate cut, Wall Street is closely monitoring U.S. Federal Reserve Chair Jerome Powell's upcoming speech for hints on future monetary policy. Investors are eager for more details on the extent of potential rate reductions. Powell is scheduled to deliver an economic forecast speech tonight at 00:35 UTC+8. Market analysts predict that the Federal Reserve will lower its benchmark short-term interest rate by 25 basis points in each of its last two meetings of 2025, in October and December. Further rate cuts are anticipated next year, although the Fed's own projections suggest a slower pace than many investors expect. Federal Reserve observers on Wall Street believe Powell supports additional rate cuts this year to prevent a significant rise in unemployment. It is anticipated that Powell will explain the rationale for gradual rate reductions in his speech tonight.