Analysis: Powell may follow his predecessors with a 'hawkish farewell', market expects the Federal Reserve to maintain interest rates steady in June and July

BlockBeats news, on June 18, Nicholas Colas, co-founder of DataTrek Research, pointed out that the likelihood of Federal Reserve Chairman Powell announcing a rate cut plan after this week’s policy meeting is very low, which is similar to the patterns of resignation of the previous three chairmen. The last three chairmen: Greenspan, Bernanke, and Yellen, all ended their terms with a hawkish tone. Powell is continuing this tradition, striving to maintain his anti-inflation credibility and political independence when he leaves office.

The market expects the Federal Reserve to keep interest rates steady in June and July, but may convey its intentions this week by revising economic and interest rate forecasts. Data shows that the S&P 500 index averaged a 16% increase in the last 12 months of the terms of the previous three Federal Reserve chairmen. (Jinshi)