[Federal Reserve Mouthpiece: FOMC Does Not Fully Endorse Market Pricing for December Rate Cuts] Odaily Planet Daily News - 'Federal Reserve mouthpiece' Nick Timiraos commented on Federal Reserve Chair Powell's speech, stating: 'Powell's press conference indicates that the FOMC as a whole does not agree with the market's previous high pricing for a December rate cut.' Powell remarked: 'There is significant disagreement on how to proceed in December.' He emphasized that a December rate cut 'should not be seen as a foregone conclusion. In fact, far from it.' This goes beyond their usual disclaimer that 'policy does not follow a predetermined path,' clearly signaling an effort to reclaim some policy flexibility to avoid being forced into a specific course of action. What happens if there is no government data to clarify the economic situation? Powell pointed out that this implies 'a very high degree of uncertainty, which could be a reason for cautious action.' (Jin10)