BlockBeats News, on June 18, Nicholas Colas, co-founder of DataTrek Research, noted that the likelihood of Federal Reserve Chairman Jerome Powell announcing a rate cut plan following this week's policy meeting is extremely low. This aligns with the patterns set by his three predecessors at the end of their terms. The past three Fed Chairs—Greenspan, Bernanke, and Yellen—each concluded their tenures with a hawkish tone. Powell is continuing this tradition, striving to maintain his anti-inflation credibility and political independence as he approaches the end of his term.
The market predicts that the Federal Reserve will keep rates stable in June and July, but it may signal its intentions this week by updating economic and rate forecasts. Data shows that the S&P 500 Index has averaged a 16% gain during the final 12 months of the past three Fed Chair terms. (Jin10)
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