DWS: The Federal Reserve did not explicitly commit to an imminent rate cut, but a first rate cut in September is still feasible

DWS US economists stated that the Federal Reserve has not explicitly committed to an imminent rate cut, but a rate cut in September is still possible. Given the current strong economic activity and gradual cooling of the labor market, this meeting does not need to issue clear forward guidance on the shift in interest rate policy to avoid triggering market reactions. The decision to cut rates in September will closely monitor the August Jackson Hole Global Central Bank Annual Meeting