According to Odaily, Barclays Private Bank's Chief Market Strategist Julian Lafargue has indicated that the Federal Reserve is expected to open the door for its first rate cut in September. The market has already priced in a rate cut slightly above 25 basis points for September, making it challenging for the Federal Reserve to reverse these expectations. It is anticipated that the Federal Reserve will maintain its data-dependent stance while acknowledging that the data has been moving in the right direction, which could justify easing monetary policy in the coming months.