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Fed's mouthpiece: The Fed isn't ready to cut rates this week

Internet reports that Nick Timiraos, the "Fed's mouthpiece", published an article saying that Fed officials expect that they will eventually need to continue to cut interest rates, but they are not ready to do so on Wednesday. The difference between them is what evidence they need to see first and whether it would be a mistake to wait for everything to become clear. Officials are now divided into three camps over whether to resume interest rate cuts. The focus will be on whether Powell will provide any hints at a September rate cut at the press conference and whether his colleagues will start laying the foundation for a rate cut at the next meeting in the coming days and weeks.

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