Mercer*:

There is a growing likelihood that the Fed will not move to reducing the rate before the U.S. elections.

Economic growth is stable, the labor market is in order, although there are signs of a slowdown, and inflation is still uncertain. Everything looks normal, and the current policy of the Fed does not exert excessive pressure, so nothing prevents officials from sitting idly by.

At the same time, Powell may be tempted to choose the post of Fed chairman at the cost of maintaining the current OST until the election.