Farcaster

Federal Reserve Chairman Powell will issue a semi-annual monetary policy report, or urge patience with interest rate cuts.

According to ChainCatcher, Federal Reserve Chairman Powell will issue a semi-annual monetary policy report to Congress. Brown Brothers Harriman Bank said it is expected that Powell will continue to urge people to be patient before the Federal Reserve eases monetary policy. He pointed out last week that the latest data does show that we are returning to the path of anti-inflation, and stressed that "the strong economy and job market give us the ability to wait patiently before starting to cut interest rates." The analysis said: "Although the U.S. economy has slowed down, it is still performing well, so the Federal Reserve will remain cautious and remain unchanged at the FOMC meeting at the end of July. The market expects that the probability of interest rate cut will be less than 10% at that time, and the probability of interest rate cut in September is about 80%