According to Odaily, Federal Reserve Chairman Powell is set to deliver a semi-annual monetary policy report to Congress. Brown Brothers Harriman Bank has predicted that Powell will continue to urge patience before the Federal Reserve eases monetary policy.
Last week, Powell noted that recent data indicates a return to the path of anti-inflation, emphasizing that 'a strong economy and job market allow us to wait patiently before starting to cut interest rates.'
Analysts have stated that although the U.S. economy is slowing down, its performance is still good. Therefore, the Federal Reserve will remain cautious and is expected to stand still at the FOMC meeting at the end of July. The market expects the probability of a rate cut at that time to be less than 10%, and the probability of a rate cut in September is around 80%, almost the same as before the non-farm employment data was released.
