**["Fed's Mouthpiece": Waller Adds Uncertainty to July Rate Decision, Whether to Hike or Not Will Send Major Signals]** BlockBeats News, July 29 — "Fed's Mouthpiece" Nick Timiraos analyzed that ahead of the Federal Reserve's July rate decision, the market has shown an unusual divergence in policy expectations. Currently, futures markets indicate about a one-third probability of a rate hike in July. Analysts believe that if the Fed ultimately decides to raise rates, it is more likely to reflect the personal policy judgment of the new chair, Kevin Waller, rather than the policy signals previously released by officials. If rates remain unchanged, the market will focus on whether there are dissenting votes in favor of a hike to gauge the strength of hawkish forces within the committee. If there is an unexpected rate hike, it may signal a significant shift in the Fed's policy stance and indicate Waller's priority to rebuild anti-inflation credibility. Analysts point out that regardless of the outcome of this meeting, Waller's post-meeting remarks will be key in shaping market expectations. Investors will also closely watch whether the September meeting will bring further policy adjustments, which will still depend on inflation data in the coming months. [Original Link]