Analysts: The Federal Reserve (FED) has pushed back the market's expectations for the first rate cut to no earlier than September.

On June 19, The Block reported that BRN chief analyst Valentin Fournier said that while inflation has eased and tariff concerns have eased, the slowdown in U.S. economic growth has sparked stagflation concerns. In a press conference after the meeting, Fed Chair Jerome Powell expressed confidence in the “downward trend in inflation” in a dovish tone, but he also noted that strong job growth and resilient consumer spending provide room for policymakers to maintain higher interest rates. The market is now eyeing September as the earliest possible rate cut. “With no urgency to cut rates, the Fed reiterated its ‘wait-and-see’ approach, delaying market expectations for the first rate cut until no earlier than September.”