Why is the Federal Reserve still dragging its feet when the global market is eagerly awaiting an interest rate cut?

The Federal Reserve is waiting for more data to show that inflation is steadily decreasing, but excessive delays may lead to economic decline. Analysts believe that if the Federal Reserve continues to hold steady in July, a rate cut in September will be a "done deal".

wallstreetcn06:03 ET

Dollar Edges Lower After Biden Withdraws From Presidential Race

0654 GMT - The dollar edges lower following U.S. President Joe Biden's decision Sunday to pull out of November's presidential race and endorse Vice President Kamala as the Democratic Party's nominee.

WSJ03:04 ET

Sentiment On The USD Fluctuates Amid Political Uncertainties

Recent developments in financial markets have significantly impacted the outlook for the USD.

Business Today22:16 ET

President Biden Dropping Out Unlikely to Materially Shift Markets -- Market Talk

In the near term, President Biden's not seeking re-election and endorsing Vice President Kamala Harris is unlikely to shift markets materially, says Piers Bolger, CIO at Infinity Asset Management.

WSJ22:16 ET

"Rate cut trade" and "Trump trade" led the entire market, small-cap stocks rose strongly and csi commodity equity index fell across the board. | Overseas major asset weekly report

The U.S. stock market continues to witness a "big shift" in the market, as investors accelerate their exit from large technology stocks. The "Trump trade" has raised concerns about inflation and pushed up the yield on U.S. long-term bonds, putting pressure on the dollar, and most commodity prices have fallen.

wallstreetcnJul 21 02:57 ET

Williams of the US Federal Reserve: Long-term economic trends in the USA support maintaining low neutral interest rates.

Federal Reserve Bank of New York President Williams pointed out that the long-term trend of the neutral interest rate level decreasing before the outbreak of the epidemic still exists.

Zhitong FinanceJul 19 21:56 ET