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When Federal Reserve Chairman Powell testified in the Senate, he did not send any signal on when the Fed may start cutting interest rates, but stated that decisions would be made "in a meeting by meeting" manner. But this may be a sign that interest rate cuts will not arrive as quickly as the market has digested. Stephen Stanley, Chief US Economist at Santander Capital Markets, said that Federal Reserve officials typically prepare the market for the next steps. Powell's comments on "meeting by meeting" seem to rule out the possibility of a rate cut at the next meeting in July, and in my opinion, the September rate cut is not as certain as the current pricing in financial markets. I currently expect the Federal Reserve to cut interest rates for the first time in November @ffhjgf @plo
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