Fed's Upcoming Interest Rate Decision and Employment Data Focus
(Why should they lower interest rates? Central banks got what they wanted and they are already quite comfortable to end the year this way.)
According to BlockBeats, the Federal Reserve will announce its interest rate decision next Thursday, followed by Fed Chairman Jerome Powell's monetary policy press conference. Additionally, the latest nonfarm payrolls data due Friday could be important in determining whether the Fed will continue to cut interest rates in September as expected. The Fed's latest statements show increased confidence in achieving inflation targets. The market largely believes the Fed is unlikely to announce any policy changes at next week's meeting. Some had previously speculated about the possibility of a rate cut, but that possibility has diminished following better-than-expected second-quarter GDP data from the US.
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(This is not investment advice.)
