Market Commentary: Two things are certain, the Fed will not cut interest rates, and Trump will criticize.

Standard Bank economist Steven Barrow said that there are two things certain about today's meeting: the Fed will not cut interest rates, and Trump will criticize this decision. Regarding the conflict between Trump and Powell, please take note of two things that have happened since the May policy meeting: the Supreme Court seems to have confirmed Powell's previous stance that Trump cannot fire him; Trump directly urged Powell to lower interest rates during a meeting at the White House with the Fed chair.