Analysis: Powell remains silent on whether to cut interest rates in September

BlockBeats news, on July 2, Powell avoided the question of whether the Fed will start cutting interest rates in September. He insisted on the consistent view that monetary policy has two-way risks. Cutting interest rates too early may reignite inflationary pressures, while if the rate cuts are too late, the Fed may cause unnecessary damage to the economy. (Jinshi)

According to CME data, traders predict that the probability of the Fed cutting interest rates in September is about 70%.