Small non-farm payrolls, good news for rate cuts
The Federal Reserve (Fed) will announce a new interest rate decision tonight. The Fed, which raised interest rates in July last year and kept them unchanged after this decision, is expected to continue on the same policy path today. The market will focus on Fed Chairman Powell's statement on the September interest rate decision. The market expects the Fed to cut interest rates by 100% in September...
The world financial market is once again focusing on the Fed's interest rate decision. As last year, the market once again expects the Fed to keep interest rates stable, but the statement of Fed Chairman Powell after the announcement of the decision at 21:30 CEST is also crucial. If Powell makes it clear that he will cut interest rates in September, then this could be a lifeline for the US economy, which is said to be in danger of a recession.