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Powell Links Trade Deal Progress to Potential July Rate Cuts
Powell Links Trade Deal Progress to Potential July Rate Cuts
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BTCCSquare news:
Federal Reserve Chair Jerome Powell has tied the possibility of a July rate cut to progress in trade negotiations, suggesting that successful deals could reduce economic uncertainty and prompt earlier policy adjustments. The comments come as the TRUMP administration races against a July 9 deadline to finalize bilateral agreements or face renewed tariffs.
Market participants are closely watching how these developments might influence the Fed's upcoming FOMC meeting in July 2025. Powell's testimony highlighted the central bank's cautious stance, with trade outcomes seen as a key determinant for the US interest rate trajectory.
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