Dear FED President#Powelldid not include an interest rate cut in his speech, but let's take a look at the market expectations;

The first interest rate cut is expected to be made in September.

In December, the expectation of a second interest rate cut is slightly ahead.

In other words, the market is priced with the expectation of at least one interest rate cut.

These rates will become clearer after the US Consumer Price Index, that is, consumer inflation data, will be announced tomorrow. We will be reviewing this place again tomorrow after the data.