Federal Reserve Chair candidate Reid: Powell is more hawkish than expected, increasing the likelihood of skipping interest rate cuts in December.

As one of the potential candidates for the next chairperson of the Federal Reserve, BlackRock's Chief Investment Officer Reed said on Wednesday that he believes the Federal Reserve's interest rate cut is in line with the "clear slowdown" in the labor market. He also mentioned that Fed Chairman Powell's performance at the post-meeting press conference was "more hawkish than expected." Reed stated, "We believe that the possibility of skipping a rate cut in December has increased, which will delay further easing measures until the new year, or possibly until the new chairperson takes office."