Barclays: Powell may push the Fed to cut interest rates next month

Barclays Research points out that there is still uncertainty regarding the Federal Reserve's interest rate decision next month, but Chairman Powell is likely to push the FOMC to make a decision to cut rates. Based on recent speeches, Barclays believes that Governors Mester, Bowman, and Waller may support a rate cut, while regional Fed Presidents Mester and Schmid are inclined to keep rates unchanged. Governors Barr and Jefferson, as well as Goolsbee and Collins, have shown that their positions are not yet clear, but they tend to favor the status quo. Governors Cook and Williams rely on data but seem to lean more towards supporting a rate cut.

Barclays stated, "This means that before considering Powell's position, there may be six voters inclined to keep rates unchanged and five inclined to cut rates." Powell will ultimately dominate this decision, as the threshold for governors to publicly oppose his stance is quite high. (Jin Shi)