Trump-nominated Federal Reserve officials suddenly support a rate cut in July? What's going on?

Recently, there has been something unusual at the Federal Reserve.

Two former Federal Reserve officials appointed by Trump suddenly came out saying: they support a rate cut as early as July!

One is Waller, who said last week that the labor market is too weak and may need an early rate cut to protect jobs.

The other is Bowman, who was originally an anti-inflation 'hawk', but now also says:

Inflation is stable, I support a rate cut in July.

This is quite unusual! After all, they were not ones to easily back down before.

Why the sudden change of heart?

Inflation is not as scary now, and the impact of tax increases has not yet been reflected.

The job market is starting to show signs of strain.

Trump has been pressuring: hurry up and cut rates, the interest is too high, and the national debt pressure is great.

Market reaction:

U.S. stocks rose

U.S. Treasury yields plummeted

Everyone is starting to guess: is the Federal Reserve going to change its stance?

The next Federal Reserve meeting: July 29-30

The market currently believes the chance of a rate cut in July is still low (around 23%), but a rate cut in September is basically a done deal.

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Do you think there will really be a rate cut in July? Leave a comment to let me know #鲍威尔半年度货币政策证词 ##加密市场反弹