"Fed Mouthpiece": The Federal Reserve Is Not Ready to Cut Rates This Week

According to a report by Jinse Finance, "Fed mouthpiece" Nick Timiraos wrote that Federal Reserve officials expect they will ultimately need to continue cutting interest rates, but they are not yet ready to do so this Wednesday. The officials are divided over what evidence they need to see first and whether waiting for more clarity is a mistake. Currently, the officials are split into three camps regarding the resumption of rate cuts. The focus will be on whether Powell hints at a possible rate cut in September during the press conference, and whether his colleagues begin laying the groundwork for a rate cut at the next meeting in the coming days and weeks.