Reported 3 months ago
The Federal Reserve is expected to maintain current interest rates in its upcoming policy meeting while hinting at a potential rate cut in September, depending on inflation trends. Investors are eager for insights from Fed Chair Jerome Powell during the post-meeting press conference, especially regarding inflation's movement towards the 2% target and recent changes in the job market. Although some experts see grounds for a rate cut now, prevailing caution suggests that the Fed might wait, with at least one cut anticipated later this year.
Source: YAHOO