Fed's September Rate Decision Hangs in the Balance as Powell Remains Silent

Bianco Research founder Bianco stated that with Governor Waller leaning toward holding rates steady, the voting split for the September FOMC meeting is currently 6 to 5 in favor of a pause. Governor Powell's stance remains unclear, potentially making him the deciding vote. With less than two weeks until the meeting, the probability of a rate hike is near 50/50, and Powell's silence is fueling market uncertainty.