[Federal Reserve Chair Powell's Press Conference May Bring Hawkish Surprise] Federal Reserve Chair Powell's press conference is drawing significant market attention. In the absence of government data, Powell is expected to maintain the status quo and provide limited information in terms of forward guidance. What may surprise the market is Powell expressing uncertainty about a rate cut in December, which could be interpreted as a hawkish signal. Currently, the market is confident about a December rate cut, but if a hawkish surprise occurs, U.S. stocks may decline, U.S. Treasury yields may rise, the dollar may strengthen, and precious metal prices may fall. If Powell's stance remains unchanged, the market will fluctuate based on trade developments.