"Fed Messenger": The Fed is not ready to cut interest rates this week

Nick Timiraos, the Fed mouthpiece, published an article saying that Fed officials expect they will eventually need to continue cutting interest rates, but they are not ready to do so on Wednesday. They are divided on what evidence they need to see first and whether it was a mistake to wait for everything to become clear. Officials are now divided into three camps on whether to resume rate cuts. The focus will be on whether Powell will provide any hints of a September rate cut at his press conference, and whether his colleagues will start laying the groundwork for a rate cut at the next meeting in the coming days and weeks.