### 🔥 Latest FED Update: Potential Rate Cut in September
🏦 Philadelphia Fed President Patrick Harker has expressed his willingness to support a rate cut in September, provided economic data is in line with his expectations. He favors a gradual and methodical approach in the process.
📉 Boston Fed President Susan Collins feels recent inflation data provides hope that inflation is falling, paving the way for an earlier-than-expected rate cut. She emphasizes a slow and methodical approach to rate cuts.
🔍 Jeffrey Schmid, President of the Kansas City Fed, was more cautious, expressing that he needed more data before deciding to support a rate cut.
🗳️ With 12 voting members, consensus is needed within the Fed but not always easy. However, at the moment, a majority of members are in favor of a 0.25% rate cut in September.
🎙️ Jerome Powell, Chairman of the Fed, is scheduled to speak and possibly give important guidance at the Jackson Hole conference tomorrow, Friday US time.
We will keep a close eye on further developments to assess the impact of these decisions on financial markets and the global economy.