conclusion

However, Fed Chair Jerome Powell cautioned investors against assuming another rate reduction will follow in December, saying it’s “not a foregone conclusion”.

"With serious opponents eliminated from the competition", Embalo's victory is a foregone conclusion, lawyer and political activist Fransual Dias told AFP.

"A further reduction in the policy rate at the December meeting is not a foregone conclusion, far from it."

Their remarks, following Chair Jerome Powell’s own caution that another cut is “not a foregone conclusion,” and “far from it,” highlight growing disagreement inside the central bank about what comes next.

In a press conference after the vote, Chair Jerome Powell said that another cut in December—something that many traders had been counting on—was far from a foregone conclusion.