🇺🇸 Fed Board Member Christopher Waller says the Federal Reserve can consider cutting interest rates this month.

Federal Reserve Board Member Christopher Waller suggests the Fed could consider cutting interest rates as early as this month. However, recent Fed minutes show only a couple of officials support rate cuts this month, while most policymakers prioritize tackling inflationary pressures from President Trump's tariffs. The Fed's benchmark overnight rate currently sits between 4.25%4.50%.

Key Points:

Rate Cut Expectations: Traders have reduced bets on a rate cut at the Fed's July 2930 meeting, with rate futures indicating 50 basis points of cuts by year's end.

Policymaker Division: Fed officials are divided on the outlook, with some seeing elevated inflation risks and others prioritizing labor market concerns.

Fed's Approach: Policymakers agree on a cautious approach to adjusting monetary policy, given uncertainty around tariff impacts and economic activity.#ShariaEarn $BTC