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Fed Chair Powell Declines to Disclose July Rate Hike Plans; Market Odds Below 50%

GateNews
According to Jin10, Fed Chair Powell on July 1 declined to disclose whether the Federal Reserve might raise rates at its July meeting. Speaking at the European Central Bank's annual policy symposium in Sintra, Portugal, Powell stated: "I hope that when we meet in four weeks, we can have a full 'family discussion,' and when we close the door, we will have vigorous debate." This marked Powell's first public appearance since his initial press conference last month. Meanwhile, investors have increasingly priced in expectations of additional rate hikes, though markets currently estimate the probability of a first July rate hike at below 50%.
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