Huatai Securities: Expects the Fed to likely remain steady during the July meeting.

[Huatai Securities: The Fed is expected to remain unchanged at the July meeting] Huatai Securities research report states that at 0:00 on July 31 (Thursday) Beijing time, the Fed will announce the decision from the July policy meeting. Although Trump has repeatedly pressured Powell to cut rates since the June meeting, and there are committee members within the Fed calling for a rate cut in July, considering that the overall employment market is exceeding expectations, and tariffs will gradually be transmitted to inflation in the future, it is expected that the Fed will likely remain unchanged at the July meeting; looking ahead, Huatai Securities believes that subsequent rate cut decisions will depend on the economic data from July to August, and maintaining a weakening employment market will prompt the Fed to implement two preemptive rate cuts between September and December.