[Wall Street Expects Powell to Deliver a 'Hawkish Rate Cut' This Week, Fed's Internal Divisions Intensify] Wall Street expects Powell to deliver a 'hawkish rate cut' this week, meaning a rate cut this month while avoiding signaling a rate cut in January next year to appease hawks. Analysts at Bank of America believe Powell is facing internal divisions and will attempt to balance rate cut expectations with a hawkish stance. JPMorgan Chief U.S. Economist Michael Feroli predicts Powell will emphasize that interest rates are near neutral levels and that additional easing policies will depend on a substantial deterioration in the labor market.