🔻 Weak Interest Rate Cut Expectations

The July FOMC minutes and PPI data show signs of inflation returning due to tariffs, leading the market to lose confidence in the FED's rapid interest rate cut scenario despite other countries sharply lowering rates.

CME FedWatch currently records the probability of a rate cut in September at only 77.6% - a significant decrease from last week.

Wall Street forecasters like BofA and Morgan Stanley warn against betting on multiple rate cuts this year.

=> This may be the reason for the current market indecision. Wall Street is currently closely monitoring Powell's signals on Friday at Jackson Hole.