US Markets Wrap: FOMC Holds Rates Steady; Powell Signals September Rate Cut

The Federal Reserve did not lower interest rates today, but its statement did tee up the possibility of a September cut. Federal Reserve Chair Jerome Powell laid the groundwork for a September move to lower interest rates but has left himself some room to divert if the data doesn’t go according to plan.  Frank Cappelleri, Founder and President, CappThesis shares his insights on the impending rate cut and the effects that might have on US equities. Presented by: Yeap JunrongProduced & Edited by: Yeo Kai Ting ([email protected])Assistant Producer: Simone ChuahPhoto credits: Andrew Kelly/ReutersSee omnystudio.com/listener for privacy information.