US media: Pay attention to the wording in the Federal Reserve statement and minor changes in Powell's remarks

The US financial website Investinglive looks ahead to the Fed's interest rate decision: The Fed is expected to keep interest rates unchanged. The key variable is whether the committee's views on its outlook are unified or divided. Powell's neutral to slightly dovish tone could strengthen expectations of a rate cut before the end of the year, while a hawkish counterattack could delay the bet on a rate cut. Markets are currently pricing in no Fed rate cut until November or December. Markets will carefully analyze every word in the statement for clues as to whether the Fed's stance is more dovish or hawkish. The risk balance section (if adjusted) could reveal whether the committee is increasingly concerned about slowing growth or persistent inflation. Watch for any changes in the statement to the phrase "Uncertainty about the economic outlook has diminished, but remains high." Powell's remarks may provide a deeper insight into the extent of the FOMC's current divisions, but he did not speak on behalf of either side at the last meeting, maintaining a cautious stance.