Multiple institutions have reached a consensus on the "Fed Rate Cut in October."

September 18th. After this morning's speech by Powell, various institutions have reached a consensus that the "Fed Rate Cut in October" is likely to occur. The key institutional views are as follows: Morgan Stanley: Powell's remarks did not eliminate our speculation that the Fed is expected to implement another rate cut at the October meeting. Nomura Securities: It is now anticipated that the Federal Reserve will cut rates by 25 basis points in both October and December. Previously, the forecast was a pause in October and another cut in December. "The New Bond King" Gundlach: A 25-basis-point rate cut by the Fed is a proper move, and it is expected that the Fed will cut rates again at the October meeting. CICC: It is expected that the Fed will cut rates again in October, but the threshold for the rate cut will continue to rise. CITIC Securities: It still expects the Fed to cut rates by 25 basis points at both the October and December policy meetings. (FX678)