Teaser: Powell is scheduled to deliver an economic forecast speech tonight at 00:35, with the market awaiting a dovish signal

BlockBeats News, September 23rd. Following the Federal Reserve's first interest rate cut of the year last week, Wall Street is closely watching Powell's speech for any hints about the "next time." Investors hope he can provide more clues today on how much the Fed intends to cut rates. Powell is scheduled to deliver an economic outlook speech tonight at 00:35.

The market predicts that the Fed will cut its benchmark short-term interest rate by 25 basis points at each of the last two meetings of 2025, namely October and December. More rate cuts are expected next year, but the Fed's own projections suggest that its pace of action will be slower than many investors anticipate. Wall Street Fed watchers believe Powell supports further rate cuts this year to help ensure that the unemployment rate does not rise significantly again. Tonight, Powell is expected to outline the reasons for pursuing a gradual rate cut. (FX Street)