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🛑FED UNLIKELY TO CUT RATES

🛑FED UNLIKELY TO CUT RATES

Day: 09 | Time: 17:07:45 According to PANews, recent statements by Jerome Powell suggest that the Federal Open Market Committee (FOMC) is unlikely to cut interest rates at the meeting at the end of this month. Despite fluctuations, US Treasury yields increased during the day after the publication of Powell's testimony. The S&P 500 index maintained its upward trend. Traders predict a slightly higher than 70% probability that the Federal Reserve will make its first rate cut in September. They also predict two 25 basis point cuts in 2024. These forecasts come amidst ongoing discussions about the state of the US economy and the possible need for adjustments to monetary policy. #Fed #USinterestrates #economicpolicy

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Source: https://www.binance.com/en/square/post/2024-07-09-fomc-unlikely-to-cut-interest-rates-this-month-predicts-powell-10569830205114