Federal Reserve's Upcoming Meeting Hinges on Powell's Decision

According to BlockBeats, Nick Timiraos, known as the 'Fed Whisperer,' shared on social media that the upcoming Federal Reserve meeting could be summarized by the phrase 'WWJD' (What Will Jerome Decide?). The decision-making power is more concentrated in Jerome Powell's hands than ever before. Allies have paved the way for Powell, allowing him to initiate a rate cut if he chooses, while signaling that further rate reductions are unlikely under current circumstances.