Federal Reserve Messenger: The Fed is not ready to cut interest rates this week

According to BlockBeats, on July 29th, Nick Timiraos, the voice of the Federal Reserve, published an article stating that Fed officials expect they will eventually need to continue cutting interest rates, but they are not yet ready to do so on Wednesday. Their disagreement lies in what evidence they need to see first and whether waiting for everything to become clear is a mistake. Officials are now divided into three camps on whether to resume interest rate cuts. The focus will be on whether Powell will provide any hints of a September rate cut at the press conference, and whether his colleagues will begin laying the groundwork for the next meeting's rate cut in the coming days and weeks. (Golden Ten)