[Powell's One Remark Shakes the Market, Says December Rate Cut Is Not a Foregone Conclusion] BlockBeats News, October 30: Federal Reserve Chairman Powell stated at a press conference that the rate cuts in September and today were precautionary measures for risk management, but this will not necessarily be the case in the future. In his opening remarks, he made the most critical statement: 'During the discussions at this meeting, there were very different views on how to proceed in December. Further lowering of policy rates at the December meeting is not a foregone conclusion.' Subsequently, the market's pricing probability for a December rate cut by the Federal Reserve quickly dropped from 92% to 70%. Risk assets fell across the board, while U.S. Treasury yields and the U.S. Dollar Index (DXY) surged. (Jin10)