Institution: The Federal Reserve may not cut interest rates until December

BlockBeats News: On June 25th, after Federal Reserve Chairman Powell maintained a cautious stance on interest rate cuts, the US dollar rose slightly. Powell seemed to pour cold water on the prospect of a rate cut in July during his testimony in Congress on Tuesday, rejecting President Trump's call to lower interest rates. Pepperstone strategist Michael Brown stated in a report that the Federal Reserve may not cut interest rates until December, and will only cut rates by 25 basis points this year. (Golden Ten)