The Federal Reserve is holding firm this summer, rejecting calls for a rate cut in June or July. Analysts believe the Fed’s decision stems from recent progress on trade tensions between the US and China. The joint statement issued by both nations signaled an intention to ease off trade disputes, leading major Wall Street banks and traders to reevaluate their expectations for a swift rate reduction. Now, experts predict that the first rate cut may not occur until September at the earliest, only if economic conditions worsen significantly. 2023 marks a turning point; recent economic growth under Trump’s administration, coupled with controlled inflation, has convinced the Fed to remain cautious.