Federal Reserve Chair Jerome Powell said at a press conference on Oct. 30 that a rate cut in December is not certain, Jin10 reports. Powell stated the September and October cuts were risk management measures, noting "the Committee's discussions at this meeting revealed very different views on how to proceed in December." Market pricing for a December cut dropped from 92% to 70% following his remarks. Risk assets declined, while U.S. Treasury yields and the dollar index rose.