Fed Governors Could Break Ranks
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The Federal Reserve kicks off its July meeting on Tuesday, with Fed Chair Jerome Powell set to speak on Wednesday and deliver the central bank's latest interest rate decision. Markets are largely expecting the Fed to hold rates steady,
More jobs, more spending and continued uncertainty about tariffs. Here's how that could impact the Fed's interest rate decision this week.
Jerome Powell has been Trump’s No. 1 target as the president demands lower interest rates, but other policymakers are also part of each rate-setting decision
Asian stocks rose modestly on Wednesday, with investors cautious after trade talks between the U.S. and China ended without any substantive agreement and ahead of the Federal Reserve's policy announcement.
Under normal circumstances, a pair of dissents in favor of a rate cut would be taken as a sign the Fed is taking a dovish turn, Tom Essaye, editor of Sevens Report Research, wrote in a Tuesday note. It would be signal that policymakers are moving in favor of easing, making a reduction at the next meeting a more likely event.
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