Wall Street expects Powell to cut interest rates hawkishly this week, as the Federal Reserve faces its biggest internal divergence in recent years According to BlockBeats, on December 8th, although it is almost certain that the Federal Reserve will cut interest rates again, the main question is how Powell will articulate the prospect of further easing next month. As the divergence between increasingly hawkish and dovish positions among Federal Reserve decision-makers intensifies, Powell will have to undertake a difficult coordination task at this week's central bank meeting. Wall Street expects this to be a 'hawkish rate cut', meaning that Powell, after joining the dovish camp to cut interest rates this month, may avoid sending signals of a rate cut in January next year in order to appease the hawkish faction within the Federal Reserve. Bank of America analysts stated in a report last Friday that "Powell is facing the most divisive committee in recent years. Therefore, we believe he will try to balance the expected rate cuts with a hawkish stance at press conferences, as he did in October." However, at the same time, the Fed chairman has also insisted that policymakers do not have a predetermined path and that interest rate changes will depend on subsequent data releases. Therefore, Bank of America doubts whether Powell can easily achieve a 'hawkish rate cut', considering that a large amount of market impacting data will be released between the two meetings, some of which have been postponed due to the government shutdown. Similarly, Michael Feroli, Chief US Economist at JPMorgan, stated that he expects Powell to emphasize that interest rates will approach neutral levels after this week's rate cuts. Therefore, any additional easing policies will depend on the substantial deterioration of the labor market, rather than being based on risk management. (Golden Ten)