BMO: Powell Will Avoid Making a Clear Commitment on January Interest Rates
According to ChainCatcher, citing Golden Ten Data, BMO Capital Markets strategist Ian Lyngen pointed out that a wave of "delayed" economic data will be released intensively in the coming weeks, which will significantly impact policy outlooks. Therefore, Federal Reserve Chairman Powell is likely to remain vague after the December meeting, avoiding making any explicit commitments regarding the interest rate decision in January next year. Lyngen emphasized that the U.S. Bureau of Labor Statistics will release several important economic data reports during this period, and the cumulative effect of this information will redefine the market's understanding of economic performance.
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