CoinVoice has recently learned that according to Jinshi, "Federal Reserve mouthpiece" Nick Timiraos wrote in his latest article that Federal Reserve officials are expected to revise their statement this week, suggesting that a rate cut in September is more likely.

Seemingly minor changes in wording will have a significant impact on the prospects for a September rate cut, and language acknowledging recent improvements in inflation and a more balanced balance of risks, as well as any changes in forward guidance, will set the stage for Powell's press conference. As for why there won't be a rate cut this week, leaving aside the merits of the July rate cut, most Fed officials say a rate cut is not yet necessary.

As for the short-term outlook, the Fed faces an awkward complication: its two-day policy meeting in November will be held the day after the presidential election. While the Fed has made policy adjustments before and after elections in the past, officials have tried to maintain an apolitical approach to their decision-making. This will make their attitudes in public communications more clear, predictable and thoughtful. [Original link]