HSBC: Federal Reserve expected to hold its fifth consecutive meeting without action

According to a report by Golden Finance, HSBC economist Ryan Wang pointed out that the Federal Reserve is likely to maintain its policy rate unchanged at this month's meeting, which will be the fifth consecutive pause in interest rate hikes. He stated that before the end of month interest rate meeting, policy makers had divergent views on the recent policy path. Due to Federal Reserve Governor Waller's expressed support for the July interest rate cut, one or more officials may object to this rate decision. Wang added that Federal Reserve Chairman Powell may also face questions about the Fed's independence.