Powell: "Unable to Say Whether Considering Rate Cut in July is Premature, Most Fed Members Expect Rate Cut Later This Year"

BlockBeats News, July 1st, Federal Reserve Chairman Powell: Unable to say whether considering a rate cut in July is premature. We see the labor market is gradually cooling. The vast majority of Federal Reserve Board members expect a rate cut later this year. When we see the scale of tariffs, we paused our actions, as long as the U.S. economy remains strong, the cautious approach is to wait. We believe the wise approach is to wait and get more information. (FXStreet)