Yesterday Powell disappointed investory by say the following
Market was expecting a december cut before fed meeting. But Powell disappointed the market and said in the press conference after the meeting, a December rate cut was "not a foregone conclusion" and that there were "strongly differing views" among Fed officials about the next move. quite hawkish .
The Market is resetting it expectation by repricing the probablity of december cut, resulting higher yield and puting pressure on stock market .
