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Many analysts believe Powell’s stance may be less about economic fundamentals and more about political positioning. There is speculation that Powell might be attempting to challenge or push back against the Trump administration’s policies. Nonetheless, it’s widely expected that the Federal Reserve will eventually reduce interest rates toward the end of the year to support economic growth.
U.S.-Israel Relations and Humanitarian Efforts in Gaza
Amid these economic discussions, diplomatic efforts continue in the Middle East. White House envoy Steve Witoff’s upcoming trip to Israel marks his first visit in nearly three months. The purpose is to assess the humanitarian situation in Gaza, with a particular focus on addressing concerns of starvation and distribution of aid.