Yardeni Research: It is expected that the Federal Reserve will keep interest rates unchanged at its meeting on July 30th

BlockBeats News: On July 21st, according to Yardeni Research data, the Federal Reserve is expected to keep interest rates unchanged at its meeting on July 30th, with a probability of only 4.7% for a rate cut. The strong June employment data has postponed expectations of recent interest rate cuts, but the mild inflation report may prompt the Federal Reserve to suggest a possible rate cut in September. If the Federal Reserve releases a dovish signal next week, it may boost the stock market. The current stock market has risen due to unexpected second quarter profits. Yardeni pointed out that the forward profit of the S&P 500 index reached a historic high of $284.36 last week, with a year-end target of $300. It is expected that the index will continue to reach new highs, despite valuation concerns.