Fed Rate Cut in September Likely, But Data Development Is Key
After Jerome Powell Hinted That Rate Cut Is Round The Corner, Investors Caution Soft Landing 'Risks Are Two-Sided'
US Dollar Index Moves Above 104.00 as Yields Recover, ISM PMI Awaited
Rate cut in September? Wall Street analysts interpret the Fed's decision: not so absolute.
The Federal Reserve has sent a message to the public that they do not want investors to be certain that they will cut interest rates by 25 basis points in September, because there is still more economic data to consider before September.
Gf sec: How to interpret the July FOMC statement and Powell's remarks.
Powell believes that the timing and rhythm of the interest rate cut will still follow the "data-dependent" rule, but makes it clear that the Fed's monetary policy decisions are independent of election results.
BlackRock think tank: Why is the U.S. stock market so unclear?
BlackRock's think tank believes that the recent volatility of U.S. stocks is mainly due to the impact of expectations for a Fed rate cut, style rotation in U.S. stocks, and exchange rate trends.
