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

ChainCatcher news, according to market news, the dollar rose slightly after Federal Reserve Chairman Powell maintained a cautious stance on interest rate cuts.

During his testimony in Congress on Tuesday, Powell seemed to pour cold water on the prospect of a rate cut in July, rejecting President Trump's call for lower rates.

Pepperstone strategist Michael Brown stated in a report that the Federal Reserve may not cut rates until December, with only a 25 basis point cut expected this year. (Jin Shi)