Wall Street Analyzes Powell's Hawkish Remarks as Fed Shows Policy Dissent

The Federal Reserve unanimously approved a 25 basis point rate cut in October, but diverging views on future policy emerged after Chair Jerome Powell's comments on limited visibility and internal disagreement, Wall Street analysts said. Brandywine Global's Jack McIntyre noted labor market concerns outweigh persistent inflation, while unexpected dissent from officials like Schmid signals rising uncertainty and potential market volatility. LPL Financial's Jeffrey Roach and Carson Group's Ryan Detrick said weakening labor conditions could support further easing by December. Oxford Economics' Michael Pearce pointed to growing controversy over the pace of cuts amid sparse data and a surprise hawkish dissent from a regional Fed president.