Standard Chartered: Fed Has No Urgent Need to Raise Rates on Wednesday

According to Standard Chartered, the bank's Chief Strategist Steve Englander stated on July 29 that the Federal Reserve has no urgent need to raise rates at its Wednesday meeting. The Fed will have more economic data—including labor force, CPI, and retail sales figures—to inform its September decision. Fed Chair Powell may face 2-4 dissenting votes on holding rates steady.
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