Odaily Planet Daily News: The focus of the Federal Reserve's July interest rate decision is as follows:
1. Whether Federal Reserve Chairman Powell will give clues about the prospects of the FOMC rate cut in September.
2. How many Fed policymakers would dissent from the decision statement?
3. The Federal Reserve’s view on the U.S. economy.
The Federal Reserve will release its interest rate statement at 02:00 Beijing Time on July 31st, but will not include its "quarterly" economic outlook summary. Fed Chairman Powell will hold his regular press conference at 02:30. The market generally expects the Fed to maintain the federal funds rate at 4.25%-4.5%, marking the fifth consecutive time the rate has remained unchanged. However, two governors are likely to dissent, marking the first time since 1993 that two governors have dissented simultaneously. According to the CME Group's FedWatch tool, the federal funds futures market currently sees a 68% probability of a 25 basis point rate cut in September.
