Institutions: The Federal Reserve May Not Cut Interest Rates Until December
According to Jinse Finance, the US dollar edged higher after Federal Reserve Chairman Jerome Powell maintained a cautious stance on interest rate cuts. During his testimony before Congress on Tuesday, Powell appeared to dampen expectations for a rate cut in July and rejected President Trump's calls for lower rates. Pepperstone strategist Michael Brown stated in a report that the Federal Reserve may wait until December to cut rates, and is likely to reduce rates by only 25 basis points this year. (Jin10)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bluebird Mining Raises Approximately $2.72 Million, Allocating Half to Establish a Bitcoin Reserve Strategy
A trader goes long on 970 BTC with 40x leverage after selling BTC spot
A Whale Sells 3,004.6 ETH, Earning $1.48 Million in Profit
Trending news
MoreCrypto prices
More








