Fed mouthpiece: Powell's speech did not change the expectation of "no change" in August
On July 16, Nick Timiraos, the "Federal Reserve mouthpiece," wrote in his latest article that Fed Chairman Powell said that the recent slowdown in inflation and economic activity was largely in line with the Fed's expectations, but he still refused to say whether this was a reason for the Fed to cut interest rates at its policy meeting later this month. Last week's inflation report showed a general improvement in the economy, prompting some private analysts to wonder whether the Fed would need to wait until September to cut interest rates. It should be noted that the Fed, led by Powell, usually avoids surprising the market with short-term policy decisions, so from this perspective, Powell's words today did not change the expectation that the Fed will keep interest rates stable at the August meeting.
