Svmuu News: Nick Timiraos, known as the “Fed’s mouthpiece,” wrote in a post on July 23 (local time) that the Fed’s July policy meeting will be one of the most difficult to predict in recent years.Rising oil prices, escalating risks from U.S. tariff policies, and a shift among some officials toward supporting rate hikes are challenging the consensus to keep interest rates unchanged.
The market widely expects the Fed to keep its policy rate unchanged at the Federal Open Market Committee (FOMC) meeting on July 28–29, with the current rate range remaining at 3.50% to 3.75%.However, the outcome of the meeting does not signal an end to internal debate, as some officials have already begun laying the groundwork for further rate hikes this year.
At previous meetings, the 18 Fed officials were clearly divided on whether rate hikes were needed this year, with half expecting hikes and the other half seeing no need for adjustment. UBS Jonathan Pingle, chief U.S. economist at , said Federal Reserve Chairman Kevin Warsh could become a key figure in determining the direction of policy. (WSJ)