Fed Meeting Alert: Are Interest Rate Cuts Coming Soon? What to Expect from Powell Tonight!

The two-day monetary policy meeting by the US Reserve is wrapping up today, Wednesday. Everybody’s curious if the central bank will keep the federal funds rate unchanged for July. But wait, that’s not all! Markets are also hoping for some friendly hints about a possible rate cut in September.

You see, there was a little surprise with the consumer price index as well . It actually dropped by 0.1% in June Month. This was different from what Dow Jones predicted—a small increase of 0.1%. Plus, the annual inflation rate came in at 3%. They thought it would be around 3.1% so It comes little Down then Expected.

So, what does this mean for ? These numbers could influence what the Federal Reserve decides to do next. Everyone is eager to find out!