Mitsubishi UFJ: The dollar's rebound is unlikely to last, and a rate cut in December is still possible

ChainCatcher news, according to Jinshi reports, Mitsubishi UFJ analyst Lee Hardman stated in a report that after Federal Reserve Chairman Powell weakened market expectations for further rate cuts, the rebound of the dollar is unlikely to last. Although the Federal Reserve lowered interest rates by 25 basis points as expected on Wednesday, Powell indicated that a rate cut in December is "far from a done deal." Mitsubishi UFJ still expects the Federal Reserve to cut rates again in December, provided that the labor market remains weak before the end of the year and that the U.S. government shutdown can be resolved.