JPM's Feroli Nails the Powell Press Conference

Founders: First Cut in September.. With many more thereafter

FOMC Statement and Powell's Press Conference Analysis

While the Fed left rates on hold today, both the FOMC statement and Powell's press conference strongly hinted that the first cut is likely coming at the next meeting in September. The statement shifted the Fed's worries from tilted toward higher inflation to an equal attentiveness to both inflation and employment risks.