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The Federal Reserve’s September interest rate meeting is drawing attention due to personnel changes, shifting the focus from economic data to an assessment of institutional resilience. The market anticipates two possible rate cut paths: a 25 basis point cut would boost global assets, while a 50 basis point cut might trigger panic. The outcome of the meeting will impact the Federal Reserve’s credibility and the crypto market. Summary generated by Mars AI This summary was generated by the Mars AI model and its accuracy and completeness are still being iteratively improved.
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- 07:34ECB Governing Council member Kazaks: There is currently no reason to cut interest ratesJinse Finance reported that European Central Bank Governing Council member Kazaks stated that there is currently no need to lower interest rates. In an interview with TV24 on Tuesday, he said: The current inflation rate is about 2%, and economic growth can be described as weak. At this stage, there is no reason for a rate cut. These remarks came before the European Central Bank kept borrowing costs unchanged for the second consecutive meeting last week. Most policymakers believe there is no need for further rate cuts, but at the same time, they retain the option to act if necessary. Kazaks emphasized: Considering the high uncertainty in the global economic situation, especially geopolitics, and the continued existence of various risks, the central bank is closely monitoring economic developments and will make necessary decisions. He specifically pointed out that if such uncertainty is taken into account, coupled with further economic weakness or if inflation begins to fall significantly below the 2% target level, the European Central Bank may also implement rate cuts. (Golden Ten Data)
- 07:23Analysis: Gold Hits Another All-Time High as Fed Rate Cut Expectations Weigh on the DollarJinse Finance reported that supported by a weaker US dollar, gold prices climbed to a historic high on Tuesday, with spot gold surpassing the $3,690 mark. The market widely expects the Federal Reserve to cut interest rates at this week's policy meeting. Capital.com analyst Kyle Rodda stated: Market sentiment is very optimistic, and ahead of the Federal Open Market Committee decision, the market is betting on a rate cut. The short- and medium-term outlook for gold remains strong. He added: The yield curve has already priced in a large amount of dovish expectations, and if the Federal Reserve does not support this in its guidance and forecasts, it could lead to a sharp drop in gold prices. If the Federal Reserve aligns with market pricing, it could become a catalyst for gold prices to break through $3,700. (Golden Ten Data)
- 07:14Three Fed Governors May Dissent at September Meeting, First Time Since 1988Jinse Finance reported that the U.S. Senate on Monday narrowly confirmed Milan as a Federal Reserve governor, securing one of the 12 votes just before the Fed's key September policy meeting. The other two Fed governors appointed by Trump, Bowman and Waller, both voted against keeping rates unchanged and supported a rate cut at the July meeting. Analysts say that due to weaker-than-expected labor market data, these two may again vote against at the September meeting, supporting a larger rate cut. Since the early days of former chairman Greenspan's term in 1988, the Fed's policy decisions have not faced opposition from three governors. (Golden Ten Data)