The market always hopes to directly understand the script for the entire next season from the December meeting.
Too naive. Powell this time is at most a 'plot review', plus a 'preview for the next episode', definitely won't spoil the ending.
Because the screenwriter (Federal Reserve) is also waiting to see how the ratings (economic performance) of the upcoming episodes (data for October, November, December) will be, to decide whether the subsequent plot is 'a frenzy of easing' or 'tightening pain'.
Don't guess the ending of a single episode; follow the good data continuously, and the direction of the plot will naturally become clear.
