Analyst: Next week's FOMC meeting will open the door for a rate cut in September

BlockBeats news, July 28, next Thursday, the Federal Reserve will announce the interest rate resolution, Fed Chairman Jerome Powell will also hold a monetary policy news conference, and on Friday, the U.S. will also release the latest non-farm payrolls data, this data may be the focus of whether the Fed can cut interest rates in September as expected. The Fed's recent speeches indicate that it is increasingly confident about achieving its inflation target. However, for the Fed, which has already made one mistake, as well as Powell, it may prefer to keep its options open, rather than choosing to 'commit in advance'.

The U.S. Department of Commerce's Bureau of Economic Analysis reported that the U.S. PCE price index rose only a modest 0.1% in June from a year earlier and 2.5% from a year earlier. The core PCE price index, which excludes volatile food and energy prices, rose 0.2% from a year earlier, slightly higher than the market forecast of 0.1%. High Frequency Economics Chief U.S. Economist Rubeela Farooqi commented, “From the Fed's point of view, we think the data show enough progress, and that inflation and labor market conditions are strong enough for policymakers to make a decision on inflation and labor market conditions. conditions are sufficient for policy makers to open the door to a September rate cut at next week's FOMC meeting.” (GOLDEN TEN)

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