Jin10 data June 25 news, The Federal Reserve (FED) Chairman Powell maintained a cautious stance on the interest rate cut issue, and the US dollar rose slightly. Powell seemed to pour cold water on the prospect of a rate cut in July during his testimony before Congress on Tuesday, rejecting President Trump's call to lower interest rates. Pepperstone strategist Michael Brown stated in a report that the Federal Reserve may not cut rates until December, with only a 25 basis point cut this year.
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.
Jin10 data June 25 news, The Federal Reserve (FED) Chairman Powell maintained a cautious stance on the interest rate cut issue, and the US dollar rose slightly. Powell seemed to pour cold water on the prospect of a rate cut in July during his testimony before Congress on Tuesday, rejecting President Trump's call to lower interest rates. Pepperstone strategist Michael Brown stated in a report that the Federal Reserve may not cut rates until December, with only a 25 basis point cut this year.