Analysts: The Federal Reserve (FED) has pushed back the market's expectations for the first rate cut to no earlier than September.

On June 19, The Block reported that BRN chief analyst Valentin Fournier said that while inflation has eased and tariff concerns have eased, the slowdown in U.S. economic growth has sparked stagflation concerns. In a press conference after the meeting, Fed Chair Jerome Powell expressed confidence in the "downward trend in inflation" in a dovish tone, but he also noted that strong job growth and resilient consumer spending provide room for policymakers to maintain higher interest rates. The market is now eyeing September as the earliest possible rate cut. "With no urgency to cut rates, the Fed reiterated its 'wait-and-see' approach, delaying market expectations for the first rate cut until no earlier than September."

BRN-7.6%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)