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Institution: Federal Reserve may wait until December to cut interest rates

Summary: According to sources, after Federal Reserve Chairman Powell maintained a cautious stance on interest rate cuts, the US dollar slightly rose. Powell, while testifying before Congress on Tuesday, seemed to pour cold water on the prospect of a rate cut in July, rejecting President Trump's call for a rate reduction. Pepperstone strategist Michael Brown stated ...

According to sources, after Federal Reserve Chairman Powell maintained a cautious stance on interest rate cuts, the US dollar slightly rose. Powell, while testifying before Congress on Tuesday, seemed to pour cold water on the prospect of a rate cut in July, rejecting President Trump's call for a rate reduction. Pepperstone strategist Michael Brown stated in a report that the Federal Reserve may wait until December to cut interest rates, with only a 25 basis point cut expected this year.

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