"Fed's megaphone": The Fed is not ready to cut rates this week.

["The Fed's "megaphone": The Fed is not ready to cut rates this week"] Nick Timiraos, the "megaphone" of the Fed, published an article stating that Fed officials expect they will ultimately need to continue cutting rates, but they are not yet prepared to do so on Wednesday. Their divergence lies in what evidence they need to see first and whether waiting for everything to become clear is a mistake. Officials are now split into three camps on whether to resume rate cuts. The focus will be on whether Powell will provide any hints about a rate cut in September during the press conference, and whether his colleagues will begin laying the groundwork for the next meeting's rate cut in the coming days and weeks.