Agency: The Fed is waiting to cut interest rates, but the timing still depends on data

Odaily Planet Daily News: Michael Brown, senior research strategist at Pepperstone, said, to be honest, I'm not sure (the Fed no longer mentions inflation "progress" in its policy statement) is a game changer, although it may indicate that policymakers want to see further anti-inflation progress before cutting interest rates again later this year. However, the future interest rate path is definitely downward. Given that the Fed's start this year is almost the same as where they left off in 2024, the timing of the rate cut still depends on future data. (Jinshi)