Analyst: Federal Reserve postpones market expectations for first rate cut to no earlier than September

On June 19th, according to The Block, BRN Chief Analyst Valentin Fournier stated that although inflation has eased and tariff concerns have eased, the slowdown in US economic growth has raised concerns about stagflation. At the press conference after the meeting, Federal Reserve Chairman Jerome Powell expressed confidence in the "downward trend of inflation" with a dovish tone, but also pointed out that strong job growth and resilient consumer spending provide policymakers with room to maintain higher interest rates. The market is currently looking towards September as the earliest possible time for a rate cut. Due to the lack of urgency to cut interest rates, the Federal Reserve reiterated its' wait-and-see 'attitude and postponed market expectations for the first rate cut to no earlier than September