PANews July 30 news, according to Guolonghui reports, Steve Corrano, Chief Investment Officer at Integrated Partners in Waltham, Massachusetts, stated that the Fed’s decision to keep interest rates unchanged this time was in line with market expectations. The biggest change is that compared to the previous meeting, the dissenting votes supporting a rate hike have increased further, with more and more FOMC voters leaning toward raising rates. He believes Warsh’s remarks at the press conference will be key to gauging the future policy direction. However, it should be noted that Warsh is a typical supply‑side economist. If current inflation is mainly supported by rising energy prices, then raising rates can only suppress demand and cannot increase oil supply. Therefore, before core inflation data provides a clearer direction, the Fed’s baseline scenario will still be to wait and see and await more data. Corrano also pointed out that the five working groups previously established by Warsh will release preliminary research results in September and publish final reports in December. In the absence of major unexpected events, this timeline also provides more of a buffer for Warsh to keep rates unchanged in the short term, giving the Fed reason to wait for the relevant research results before deciding on the next policy action.
