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「Fed's Soundbites」: The Fed is not ready to cut rates this week
BlockBeats News, July 29th, in a Fed Whisperer article, Nick Timiraos stated that Federal Reserve officials expect they will eventually need to continue cutting interest rates, they just weren't ready to do so on Wednesday. The divide among them is about what evidence they need to see first and whether waiting for clarity is a mistake.
Officials are now split into three camps on the question of whether to resume rate cuts. The focus will be on whether Powell will provide any hints of a September rate cut at the press conference and whether his colleagues will start laying the groundwork for the next meeting's rate cut in the coming days and weeks. (FXStreet)
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