Jackson Garton, co-chief investment officer at Makena Capital Management, said Powell remained silent about providing new forward-looking guidance at his press conference and did not comment on changing the summary of economic expectations, online reported. Short-term U.S. bond yields barely changed during Powell's speech. Garton still believes the Fed may choose to cut interest rates in December, but is uncertain. "I think the probability of a further 25 basis point rate cut at the next meeting is more than 50%, but I am not 100% sure," he said.