GM #bnb $BNB
The Federal Reserve effectively confirmed this week that it will no longer lower interest rates! Looking towards September!
Officials at the Federal Reserve expect that they will ultimately have to resume rate cuts — they are just not ready to do it this week. The crux of their disagreement lies in what evidence they need to see first and whether waiting for these clarifying factors will be a mistake.
This year, due to concerns about resurging inflation caused by tariffs, Federal Reserve officials unanimously paused rate cuts. However, as price growth related to tariffs has turned out to be lower than expected, and there are signs of slowing hiring activity, officials are currently divided into three camps on whether to resume rate cuts.
The focus is on whether Powell will hint at a rate cut in September during the press conference on Wednesday afternoon, and whether his colleagues will begin preparing for a rate cut at the next meeting in the coming days and weeks.