Yesterday, the Federal Reserve announced the latest interest rate decision, maintaining the interest rate at 5.5%, which is also within expectations
Then Powell spoke. From Powell's answer, we can see that the Fed has indeed discussed the issue of interest rate cuts, but there is no consistent consensus. In September, the Fed is likely to discuss interest rate cuts more seriously, but Powell still thinks it is too early to discuss interest rate cuts now
As for the interest rate cut itself, Powell's view is still to look at the data, but he is not as strong as before that it is too early to discuss interest rate cuts, but he said that next time (September) will be a good time to discuss
In fact, it is already a very dovish speech, but the market does not buy it and the closing of the monthly line leads to a small drop. The overall problem is not big. Nick's view is that although Powell said that interest rate cuts will be discussed in September, he still believes that the probability of interest rate cuts in September is not small
