Institutional analysis: Fed is unlikely to announce rate cuts this month, but it should start this year

The Fed is unlikely to announce when it will start cutting back on buying at its meeting this month, but it is still expected to start this year. The statement by Fed officials before entering a period of calm showed that the spread of the delta virus could not be reversed and supported President Powell's August 27 statement that the language of engagement can begin in years. Non-farm trade growth slowed last month due to contagion effects. New coronavirus patients and hospitals in the United States have recovered, affecting some industries, including recruiting. Some Fed officials who supported the early cuts due to the recession have argued that they are overseeing the economy long before they change their minds or make a final decision. (Ten of gold)