The Federal Reserve will not cut interest rates in June or July as it believes there is no need to rescue the economy. The Federal Reserve will maintain interest rates this summer. There will be no rate cuts in June or July. After observing the joint statement issued by the United States and China on Monday, the Federal Reserve's position is as follows. In the statement, both countries claimed to hope to ease trade tensions. Upon hearing this news, major banks and traders on Wall Street immediately abandoned their expectations for a rapid rate cut by the Federal Reserve. They now indicate that the first rate cut may not come until September, and even then, it will only happen if the situation truly worsens. Trump has revitalized jobs and Wall Street, so the economy is not in distress, and inflation has not cooled enough for anyone at the Federal Reserve to start issuing cheaper credit. Federal Reserve Chairman Jerome Powell told reporters that the central bank is observing how new trade policies affect inflation and economic growth before taking any action. He made it clear that there is no data indicating the economy is collapsing.