Fed Rate Cut Don Come As U.S. Policy Dey Different From ECB And BOE

Markets dey now assign 91% chance say dem go cut Fed rate for first time in 2025 during di September FOMC meeting. Di Federal Reserve don take different waka from im peers since e hold rates, meanwhile di ECB don cut rates twice dis year—once for March and again for June—make im benchmark rate more than 2% lower than US. For July, di ECB pause to reason uncertain trade policies and e reduce e 2026 inflation forecast to 1.6%, plus 2025 forecast na 2%. Di Bank of England cut rate for May but e hold June, talk say tension for Middle East and higher oil prices cause am, plus e still yan say rates go follow “gradual downward path.” Fed Chair Jerome Powell talk say dem dey depend on data and tariffs na main reason say dem dey delay action. E yan say US inflation forecast jump well well after tariff rise, so Fed decide to “go on hold.” Even though no decision don land for September, Powell warn say labour market get risk if dem delay cut. Past Fed rate cut usually make risk assets rise, so dis one na big trigger for traders.