The US Federal Reserve meeting will take place from July 30 to July 31. Investors are watching for clues about future rate cuts. While a 25 basis point cut in July is unexpected, it could boost markets. The Fed has paused rate changes since July 2023, maintaining a rate of 5.25-5.50%. Inflation is easing but still above the Fed’s 2% target. The Fed might hint at cuts for September. The US economy grew by 2.8% in Q2 2024, and Chair Jerome Powell stresses caution before rate adjustments.
