🔔 Federal Reserve Update
📈 Fed Watch: Internal Prep for Rate Cuts Underway
Nick Timiraos reports that Federal Reserve officials expect interest rates will be cut again, and while they are not prepared to act this week, internal preparations are already in motion. The officials are split into three groups over when the cut should happen and are waiting for stronger economic signals.
Markets are now focused on whether Chair Jerome Powell will signal a rate cut for September, and if the groundwork for that move will begin soon.
