Institutions: The Fed is expected to hold rates steady this week, with two major doves likely to dissent

According to Jinse Finance, Plaisir's Chief US Economist, Ulupersi, stated that the Federal Reserve is expected to keep interest rates unchanged at 4.25%-4.5% this week, but Waller and Bowman may express dissent. This could fuel speculation that, once more Trump-appointed officials join the Federal Reserve Board starting in the first quarter of 2026, the pace of rate cuts may accelerate. The dovish Waller and Bowman may argue that monetary policy is restrictive, as tariff-related inflation is being offset by other factors, and advocate for rate cuts on the grounds that the neutral rate is close to 3%. Powell is expected to try to guide the FOMC to wait as long as possible before the next rate cut, with a rate cut in October being more likely than in September.