Federal Reserve Officials Divided on Future Rate Cuts

According to BlockBeats, Federal Reserve officials anticipate the need for further interest rate cuts, although they are not prepared to implement them immediately. The officials are divided into three groups regarding the resumption of rate cuts, with differing opinions on the necessary evidence and whether waiting for clarity is a mistake. The focus is on whether Federal Reserve Chair Jerome Powell will hint at a potential rate cut in September during his press conference, and if his colleagues will begin laying the groundwork for a rate cut in the coming days and weeks.