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Institutions: The Federal Reserve will hold steady this week, and two major doves are expected to dissent

BlockBeatsJul 29, 2025
On July 29, Prathamesh Chief US Economist Urooj Percy said that the Federal Reserve is expected to keep interest rates unchanged at 4.25%-4.5% this week, but Waller and Bowman may object. This could fuel speculation that interest rates will fall faster once more Trump-appointed officials join the Federal Reserve Board starting in the first quarter of 2026. Dovish Waller and Bowman may argue that monetary policy is restrictive because tariff-related inflation is being offset by other factors and justify rate cuts by arguing that the neutral rate is close to 3.00%. Powell is expected to try to guide the FOMC to wait as long as possible for the next rate cut, with an October rate cut more likely than a September one. (Golden Ten) [BlockBeats]
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Institutions: The Federal Reserve will hold steady this week, and two major doves are expected to dissent

BlockBeatsJul 29, 2025
On July 29, Prathamesh Chief US Economist Urooj Percy said that the Federal Reserve is expected to keep interest rates unchanged at 4.25%-4.5% this week, but Waller and Bowman may object. This could fuel speculation that interest rates will fall faster once more Trump-appointed officials join the Federal Reserve Board starting in the first quarter of 2026. Dovish Waller and Bowman may argue that monetary policy is restrictive because tariff-related inflation is being offset by other factors and justify rate cuts by arguing that the neutral rate is close to 3.00%. Powell is expected to try to guide the FOMC to wait as long as possible for the next rate cut, with an October rate cut more likely than a September one. (Golden Ten) [BlockBeats]
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