Multiple Federal Reserve officials support relying on data and cautiously lowering interest rates next year, while Powell's "dovish allies" rarely speak in a hawkish manner

Analysts pointed out that although San Francisco Federal Reserve President Mary Daly and New York Federal Reserve President John Williams both acknowledged that interest rate cuts will continue next year, they also stated that there is no rush to cut rates. All Federal Reserve officials emphasized the importance of data and acknowledged the uncertainty in the outlook. However, the comments from next year's voting member, Chicago Federal Reserve President, were dovish, believing that inflation is still cooling and that interest rates need to be significantly lowered within a year and a half, which helped U.S. stocks open lower and then rise, while U.S. Treasury yields fell