Powell Taps The Brakes In The Fog, But Traders Keep Hitting The Gas
1. Fed Chair Powell rejects December rate cut expectations, emphasizing economic uncertainty. 2. Market still expects a 69% chance of a rate cut in December despite Powell's statements. 3. Analysts are divided on future rate cuts, with Goldman Sachs maintaining a bullish outlook. 4. Powell warns of the risks associated with uncertain economic indicators. 5. S&P 500 closed lower, but some analysts see a buying opportunity ahead.