Huatai Securities: It is expected that the Federal Reserve will most likely stand pat at its July meeting

BlockBeats News, July 29th. Huatai Securities' research report stated that on July 31st (Thursday) Beijing time, the Fed will announce its July interest rate decision. Despite President Trump's repeated pressure on Powell to cut interest rates since the June meeting, with some Fed members also calling for a rate cut in July, considering that the overall job market has performed better than expected and future tariffs will gradually pass through to inflation, it is expected that the Fed will likely stand pat at the July meeting. Looking ahead, Huatai Securities believes that future rate cut decisions will depend on the economic data for July and August. A weakening job market would prompt the Fed to make two preemptive rate cuts from September to December.