The Federal Reserve is unlikely to cut rates due to weak "soft data."

Surveys of American consumers and businesses show a sense of economic anxiety, but the underlying data has not yet indicated a severe economic slowdown. Economists wrote that the Federal Reserve is unlikely to ease policy based solely on "soft data," especially since in the recent past, soft data incorrectly predicted that a recession was imminent, such as during the Fed's fight against inflation in 2022. A team at Goldman Sachs wrote that the Fed "wants to see evidence from the labor market and other hard data before cutting rates." This investment bank, like other Wall Street institutions, believes that the Fed will keep rates unchanged in Wednesday's rate decision.
The Federal Reserve is expected to cut interest rates three times in 2025.
The Federal Reserve is expected to cut interest rates by 25 basis points in July, September, and October due to the recession risks brought about by tariffs and trade uncertainties.
Goldman Sachs chief economist Jan Hatzius stated that the Federal Reserve's attitude is more cautious than the market expects. Although the threshold for interest rate cuts is higher than in 2019, Goldman Sachs believes that despite high inflation, a rising unemployment rate may still prompt the Federal Reserve to take action. (BlockBeats)
Macroeconomic data reflects resilience, Bitcoin ETF stabilizes
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