It's weird that the market participants anticipate that the Fed will cut the Federal Funds Rate next month Nov.

Source: CME FedWatch Tool

Powell who's the chairman of the Fed said that it would be possible to raise the interest rate once this year.

So, I thought that the remark means this November would be difficult to continuously pause the Federal Funds Rate.

However, it seems that the market participants don't agree that.

Source: investing.com

It looks like the bond market participants also have the same thought. U.S. 3m bond yield has not reached the new ATH(All Time High) during the last some months.

Hmm, who's right between market participants and Powell? 🤔 I hope that market participants are right. If so, it's gonna be a good environment for a next bullish market.