Fed is expected to maintain a hawkish stance at tonight's decision, Powell's speech will set the tone for a September rate cut.

According to the Wise Finance APP, investors are closely watching Federal Reserve Chairman Jerome Powell's speech tonight, but they may be disappointed if they are hoping to find clues that the Fed will cut interest rates soon. It is widely expected that at the end of the meeting on July 29-30, policymakers will maintain interest rates for the fifth consecutive time. However, if one or more officials vote against this decision, it may signal to the market that some members of the Federal Open Market Committee (FOMC) are inclined to cut rates sooner rather than later.