Nikkei.com: Fed Chairman Powell’s Cautious Remarks On Interest Rate Cuts, the Market Is Shaken, and the Views of Japanese and American Experts

Philip Wool argues that Powell’s effort to maintain flexibility amid uncertainty over trade, immigration, and limited data led to short-term market volatility, but despite a hawkish tone, a December rate cut remains likely, the dollar’s strength temporary, and U.S. stock valuations unsustainably high in the long term.

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