US GDP data due tonight will influence Fed s decision next week: The US is expected to report 2Q19 GDP growth data tonight, at +1.8%, softening from +3.1% in 1Q19. This could influence the Fed s interest rate policy at the 30-31 July meeting. If GDP growth misses estimate, the Fed might cut an interest rate by 0.5%, which would be a positive surprise. If the result is in-line (2-3%), the Fed might cut an interest rate by 0.25%, which would not have a significant impact on fund flows.【อ่านข้อความเต็ม】
In the first day of the FOMC meeting on July 30, 2019, investors had yet to catch a signal regarding the interest rate cut from Fed Chairman, Jerome Powell.【อ่านข้อความเต็ม】