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[Analyst Says Powell's Remarks Briefly Impacted the Stock Market] Michael Rosen, Chief Investment Officer at Angeles Investments, stated that the rate cut was in line with market expectations, but Powell's remarks dampened the market's optimism for another rate cut in December. Powell's comments indicate divisions within the Federal Reserve regarding further rate cuts, especially in the context of high inflation. Investors should anticipate that inflation may remain elevated for an extended period, limiting the room for monetary easing. As a result, the stock market briefly pulled back, but corporate earnings remain strong, and investment portfolios are still fully allocated.