Unlikely... Probably stay at same rate.
Had Trump continued with his tariffs war with all countries around the world, then Fed may had to reduce rates to help the economy. But Trump has withdrawn and only fight with China head-on (until after the 90 days suspension, of course).
Powell already said many times... Their dual mandate has always been: 2% inflation rate, and good employment rate. And just recently, Fed officials also said before, sticky inflation is more important.
Since employment data seems relatively good, but with inflation still high, it is very unlikely... That is why yesterday CPI headline say numbers drop and the market rallied, but as soon as they said food inflation went up, market U-turn liao.
But with treasury yields already high after Trump's fiasco, and yields strangely going up even higher now, Fed want to increase interest rate also hard because it will make their interest payment higher.
They seem to be stuck...
