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Odaily Planet Daily – At the European Economic Forum in Sintra, Portugal, when asked whether the Federal Reserve would further ease monetary policy if tariffs did not trigger inflation, Fed Chair Jerome Powell stated: “After assessing the scale of the tariffs, we decided to pause.” He expects that due to the impact of tariffs, inflation will rise slightly this summer. Therefore, with the economy still robust, the Fed has chosen to remain patient, considering waiting to be the most prudent approach. Powell said it is impossible to assert whether a rate cut in July would be premature, but emphasized that “no meeting is being ruled out in advance,” and the next move will depend entirely on the data. (Jin10)

Odaily Planet Daily News: After the release of the JOLTs data, traders slightly reduced their expectations for a Federal Reserve rate cut, with September now seen as the most likely starting point for rate cuts. The probability of a rate cut in July stands at 21%. (Jin10)