The Federal Reserve has postponed the market's expectation for the first interest rate cut to no earlier than September
On June 19, BRN Chief Analyst Valentin Fournier stated that despite easing inflation and reduced tariff concerns, the slowing U.S. economic growth has raised worries about stagflation. At the post-meeting press conference, Federal Reserve Chairman Jerome Powell expressed confidence in the "trend of declining inflation," adopting a dovish tone, but he also noted that strong job growth and resilient consumer spending provide policymakers with the space to maintain higher interest rates.
The market is currently looking to September as the earliest possible time for an interest rate cut. "With no urgency for a rate cut, the Federal Reserve reiterated its 'wait-and-see' stance, pushing the market's expectation for the first rate cut to no earlier than September." #以色列伊朗冲突 $BTC $ETH $XRP
