Waller U.S. Fed board member mentions 'Possibility of rate cut as early as July'

The possibility of a rate cut is finally being mentioned by the US Fed (Source: Forbes)

Christopher Waller, a member of the US Federal Reserve (Fed), mentioned the possibility of a rate cut at the July FOMC meeting. According to Watcher.Guru, Board member Waller stated, "A rate cut could be implemented as early as July," drawing attention from the market.

This is the first 'dovish signal' that has emerged from the atmosphere of caution the Fed has been maintaining by holding the base rate, suggesting the possibility of a policy change due to signs of inflation slowdown and economic downturn.

If the July cut materializes, it could be a positive catalyst for risk asset markets, including Bitcoin, and a warm breeze is expected for bond and stock markets as well. The market is now expected to focus more on forthcoming major economic indicators and the tone of Chairman Powell's statements.