[Analyst Says Powell's Remarks Aim to Restore Policy Flexibility] Analyst Joseph Richter pointed out that Federal Reserve Chairman Powell recently stated that a rate cut in December is not a foregone conclusion, which has led to a bear flattening of the yield curve. He believes the market has overreacted. Although the Fed may not take rate-cutting actions at every meeting (despite analysts still expecting rate cuts to be possible), Powell's remarks seem intended to regain flexibility in policy options. The market may interpret this as a hawkish signal, but its actual impact remains uncertain.