Bank of America: Powell may throw out an "olive branch" regarding the interest rate issue.

[Bank of America: Powell May Extend an "Olive Branch" on Interest Rates] Bank of America analysts point out that the struggle between U.S. President Trump and Fed Chairman Powell over interest rate cuts will become the focus of the Federal Open Market Committee (FOMC) Meeting, but the market may welcome favourable information. Although it is expected that Powell will reaffirm the Fed's independence and maintain interest rates unchanged, he may simultaneously release a "dovish signal"—if inflation meets expectations, it will open a policy window for interest rate cuts. Analysts warn that the escalation of the trade war may trigger inflation panic and disrupt the pace of rate cuts, but as long as the economy continues to cool, the Fed will still initiate a loosening cycle.