Part 3/7:
There is speculation that Powell’s stance might be a calculated move to position himself against the Trump administration, implying that the Federal Reserve may eventually cut interest rates before the year ends. Such a shift would aim to stimulate economic activity, potentially reversing the current hold stance.
The Significance of the U.S. Trip to Gaza: Humanitarian Concerns and Diplomatic Signals
Meanwhile, in foreign policy, U.S. envoy Steve Witoff is preparing for a significant trip to Israel, marking the first such visit in nearly three months. This trip is driven by a desire from the White House to better understand the humanitarian crisis unfolding in Gaza amidst ongoing conflict and blockades.