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Institutions: The Federal Reserve (FED) may wait until December to cut interest rates, and will only cut 25 basis points this year.
Gate News bot message, according to Jin10 report, The Federal Reserve (FED) Chairman Powell has taken a cautious stance on interest rate cuts, leading to a slight increase in the US dollar.
During his testimony to Congress on Tuesday, Powell seemed to pour cold water on the prospect of a rate cut in July, rejecting President Trump's call for lower interest rates. Pepperstone strategist Michael Brown said in a report that The Federal Reserve (FED) may wait until December to cut rates, and only by 25 basis points this year.