'December Rate-Cut Still Looks Likely': Goldman Sees Shift In Consumer Health, AI Impact On Labor Market

Powell was deliberately hawkish in the view of top Goldman trader Rich Privorotsky, as he went out of his way to emphasize that December was not a forgone conclusion. 

Powell’s press conference was admittedly more hawkish than many had expected, with Goldman noting that he did not reference the September dot plot, where the median projection implied a third cut in December.

And he said