Federal Reserve Chairman Powell made it clear in his speech yesterday that there will be no interest rate cuts in July, and September may be a more appropriate time.
He mentioned that if it weren't for the recent tariff policies introduced by the Trump administration exacerbating inflationary pressures, the Federal Reserve might have started cutting rates as early as June.
This statement has attracted widespread attention from the market, and Trump subsequently publicly criticized Powell, even threatening to replace the Chairman of the Federal Reserve, further increasing policy uncertainty.